Ripples XRP token met a correction in recent days. The price of the asset has dropped 8% compared to the previous week. Despite the correction, XRP has collected 0.6% in the daily charts, 11.7% in the 14-day diagrams, 11.8% compared to the previous month and 343.2% since May 2024. Rally comes after Bitcoin (BTC) pushed up to the $ 107,000 brand.
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XRP images such as Sec delays ETF
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The last recovery came after Bitcoin (BTC) climbed to the level of $ 107,000. The original Cryptocurrency is close to meeting a new highest time. The Ripples XRP token and the general crypto market can witness another haus -like leg if BTC hits a new top.
Will the access recover $ 3 if bitcoin hits $ 110,000?
Ripples XRP token and BTC are not very closely correlated at the moment. BTC that hits a new top does not confirm an XRP rally. That said, BTC that reaches a new highest time can lead to an increase in investors’ confidence that can lead to XRP hitting $ 3. XRP is currently down by 30.5% from its maximum time of $ 3.40. The asset hit its peak in January 2018, more than seven years ago.
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Coincex, on the other hand, expects XRP to trade at $ 2.17 on May 23. XRP’s price will receive a correction of 8.8% if the price drops to $ 2.17.
