BitMEX Teases Ripple Partnership—Is an XRP Price Surge Imminent?
BitMEX drops cryptic hints about a major Ripple collaboration, sending XRP traders into speculative frenzy. Could this be the catalyst for the next rally—or just another ’strategic partnership’ destined for the crypto graveyard?
Decoding the signals: The derivatives giant’s vague tweetstorm suggests deeper liquidity integration or even XRP-based derivatives. Market reacts with cautious optimism—because nothing pumps a coin like institutional vaporware.
Price check: XRP shows uncharacteristic volatility as whales position ahead of potential news. Technicals hint at breakout potential if Bitcoin doesn’t decide to crash the party (again).
Bottom line: In a market where ’partnership’ often means ’paid listing,’ traders are wise to watch order flows, not press releases. After all, even Goldman Sachs couldn’t make blockchain sexy—why would BitMEX succeed where Wall Street failed?
Will XRP Price Go UP?
With XRP currently trading in the $2.3 to $2.45 range, a confirmed collaboration with BitMEX could trigger a price breakout. The bulls will get additional support, in light of growing institutional interest following Ripple’s recent legal clarity in the U.S.
Taking words from highly optimistic traders, XRP might surge to $6.22, then $7.68. The market analyst Egrag crypto also made a bold claim of xrp price to hit $27.
He supports his prediction of more than 1000% price jump in XRP using long-term Fibonacci levels and inverse chart patterns, indicating XRP has broken through a multi-year “stratospheric” resistance level.
While Egrag may be looking over optimistic, chances of XRP price soaring to $3 this month are looking very high but one should always be prepared for things to go sideways.
Also Read: Bitcoin, ETH, XRP Price Prediction: Weekend Breakout Ahead?