Ripple-linked cryptocurrency XRP may be on the verge of a significant price breakout against Bitcoin, according to Zion Thomas, widely known as Ansem. The well-known trader and co-founder of the Bullpen social trading platform expressed confidence in a possible rally similar to Dogecoin’s historic surge.
According to a post on his official X account, Ansem highlighted that XRP/BTC might soar much higher than its previous cycle highs. This projection has sparked widespread discussion across the crypto community, with many speculating that a new wave of retail-driven interest could again push XRP into the spotlight.
The pair of XRP/BTC was earlier at a high in January 2018 at about 0.00014 BTC for every XRP. If we look at the current calculations of the Bitcoin valuations, a return to this level will see XRP trading at almost $14.7 per coin. This implies a possible 478 percent appreciation from its current market price of $2.54, which was registered following a 5 percent increase over the last 24-hour period.
There have been raised eyebrows on Asemble’s XRP comparison to Dogecoin, especially with the latter’s explosive 10x growth in BTC pairs, as shown in the figures achieved in January 2021. That move was mainly inspired by a viral post of an endorsement by Elon Musk, which created a frenzy among retail investors on social media.
XRP Eyes Historical Levels Amid Community Buzz
Even though he is bullish, Ansem acknowledged he still does not understand XRP well, highlighting how cryptic and enigmatic the asset is. However, his post has sparked excitement, particularly amongst the XRP Army, a loyal social media fan band who have long supported the coin.
It was observed that the buzz could be less about fundamentals and more bound to its cult-like popularity among casual investors. Commentators tagged XRP alongside other popular assets, which are favorites of new crypto space entrants, such as DOGE, ADA, and HBAR.
Ripple’s holding basket full of XRP tokens and the regular jamboree with regulators have for long doubted investor confidence. However, the speculative interest in the coin is drawn from its historical performance for previous bull markets.
Ansem’s post has brought back the talks concerning the possibility of XRP retracing its previous glory, especially in the BTC market. While the coin has not managed to move above its all-time high since 2018, market watchers are closely monitoring for any breakout.
