How Will XRP Benefit From Bitcoin Crossing $110,000 to Form a New High? 📈
XRP's strong correlation with Bitcoin, currently at 0.91, positions the altcoin for potential gains as Bitcoin hovers close to $110,000, aiming for a new all-time high. This connection historically benefits XRP, driving price increases in tandem with Bitcoin's rises.
Additionally, XRP's Relative Strength Index (RSI) indicates bullish momentum, which suggests growing buying pressure. As the market remains favorable, XRP may push through key resistance levels and climb to higher price points.
If XRP maintains its support at $2.27, it could advance to $2.38 and beyond, potentially reaching $2.50. However, failing to hold the support level may lead to price declines, negating the bullish outlook.
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