XRP Price Prediction as Bitcoin Consolidates: When to Buy XRP Coin?

Bitcoin (BTC) and Ripple (XRP) have been consolidating after recent price pullbacks, setting the stage for what could be a significant breakout. Market participants are closely watching key technical levels, alongside impactful developments in regulation and adoption.

Whats Driving Bitcoin's Momentum?

Following a dip below $90,000 triggered by President Trumps tariff announcement in early February, Bitcoin managed to rebound above $100K. However, this recovery was short-lived, as BTC slipped under $95K, with the 100-day simple moving average (SMA) acting as a crucial support. For Bitcoin to regain bullish momentum, it needs to reclaim the 50-day SMA and stay above the $100K mark, targeting January's all-time high near $110K.

BTC/USDT 1-day chart - Bitget

Interestingly, Bitcoins future may be influenced by legislative moves in the U.S. Sixteen states, including Texas and Florida, are considering laws that would allow them to allocate up to 10% of their excess reserves into digital assets. This potential state-level adoption could spark global trends, solidifying Bitcoins role as a reserve asset.

Ripple (XRP) Eyes a Rebound with New Partnerships

After reaching an all-time high of $3.39 in mid-January, XRP faced a steep correction, dropping below $3 and even briefly dipping under $2 in early February. Buyers stepped in around the $2 mark, pushing prices back up, but XRP remains range-bound between $2.25 and $2.55. A breakout above the 50-day SMA at $2.70 could pave the way for XRP to retest the $3 psychological level, especially if an XRP ETF receives approval.

Adding to the optimism, Ripple has expanded its European presence through a partnership with Unicâmbio, a leading Portuguese currency exchange provider. This collaboration will enable faster, cheaper cross-border payments between Portugal and Brazil via Ripple Payments, significantly boosting XRP adoption.

ETF Developments Fuel Optimism

Institutional interest in crypto remains strong, with Nasdaq filing for XRP and Litecoin ETFs. Bloomberg analysts predict a 65% chance of an XRP ETF approval by 2025, which could serve as a major price catalyst for XRP and the broader crypto market.

XRP Price Prediction: When to Buy XRP Coin?

In the short term, XRP is expected to consolidate between $2.0 and $3.2. A breakout above $3.2, combined with Bitcoin regaining momentum above $100K, could push XRP towards $3.8. Conversely, if XRP breaks below $2.0 and Bitcoin falls under $92K, a decline towards $1.80 might follow.

XRP/USDT 1-day chart - Bitget

Where to Buy XRP Coin

Bitget is a top choice for both beginners and experienced traders. Its secure, user-friendly, and offers low fees.

To get started, simply sign up on Bitget, complete the quick verification process (KYC), and deposit funds into your account. Once your account is funded, search for XRP/USDT or other XRP trading pairs, choose the amount you want to buy, and hit Buy.

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Text source: CryptoTicker

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