Altcoin
Analyst Reveals How XRP Price Can Hit $22 If BTC Rallies To This Level
XRP price has surged nearly 10% today, indicating a renewed market interest in Ripple’s native asset. Notably, the robust surge comes amid a broader crypto market recovery and several other positive developments like the successful ETF launch in the US. Amid this, a top expert has highlighted the XRP/BTC performance and said that Ripple’s native asset is likely to hit $22 if Bitcoin hits a new ATH ahead.
XRP/BTC Bullish Cross Signals Massive Surge Ahead
Crypto analyst EGRAG CRYPTO recently highlighted a major bullish signal on the XRP/BTC chart. He pointed out a rare crossover of two key indicators, i.e. the 55-week Exponential Moving Average (EMA) and the 155-week Moving Average (MA). According to him, this “Bullish Cross” could be a game-changer for XRP holders.
EGRAG explained that the last time this crossover occurred was back in May 2017. XRP price rallied 958% shortly after that event. A similar cross took place again on February 17, 2025, and could repeat the explosive pattern if market conditions align.
Meanwhile, he added that if XRP/BTC retests the 55 EMA level of 0.00001850, Ripple’s coin could reach around $1.48, assuming Bitcoin trades at $80,000. However, if the historical pattern plays out and XRP/BTC gains another 958%, XRP price could skyrocket much higher. Besides, it also comes amid a surge of nearly 6% in BTC price today.
XRP Price Likely To Follow Bitcoin Move
EGRAG CRYPTO’s prediction hinges heavily on Bitcoin’s next major move. If Bitcoin price revisits its 2025 ATH near $109,000 and retraces to $97,000, XRP could hit $16.5. But if BTC breaks into higher territory, the numbers look even more bullish.
For context, he calculated that if Bitcoin touches $130K, XRP could trade at $22. Furthermore, if BTC rallies to $150K, XRP might surge to $25. A push toward $170K could propel XRP to $29, he added.
Why Does This Technical Signal Matters?
The analyst believes most traders overlook the significance of the 55 EMA and 155 MA combination. He noted that many still doubt XRP’s ability to reach double digits, especially after the recent crypto market crash.
However, the analyst remains firm in his belief that the chart tells a different story. He believes that as long as the XRP/BTC pair holds above the 55 EMA, the bullish projection for the XRP price stays valid.
XRP Price Soars 10%
XRP price today was up nearly 10% and exchanged hands at $2, while its one-day volume rose 3% to $8 billion. Simultaneously, the XRP Futures Open Interest also soared past the $3 billion mark with over 4% surge, CoinGlass data showed.
Notably, this recent surge comes as the Ripple network has seen a massive surge in active addresses recently. Besides, the recent XRP ETF launch in the US has also bolstered market confidence. The first-day volume of the Teucrium 2X Long Daily XRP ETF has outshined Solana’s 2X ETF (SOLT) first-day volume.
Considering all these fundamental developments, it appears that the crypto is gearing up for a major rally ahead. Besides, the analyst’s forecast, if holds true, could send the crypto to over $20 in the coming days.
Rupam Roy
Rupam is a seasoned professional with three years of experience in the financial market, where he has developed a reputation as a meticulous research analyst and insightful journalist. He thrives on exploring the dynamic nuances of the financial landscape. Currently serving as a sub-editor at Coingape, Rupam’s expertise extends beyond conventional boundaries. His role involves breaking stories, analyzing AI-related developments, providing real-time updates on the crypto market, and presenting insightful economic news.
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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
The cryptocurrency exchange behemoth Binance has recently cleared the air around Mantra’s price crash of over 90% in just a day. According to an X post by the exchange on Monday, OM price has crashed alarmingly due to massive cross-exchange liquidations. Meanwhile, other on-chain trackers have also highlighted massive token dumps into exchanges, which rationalizes the ongoing price slump.
OM token exchanged hands at $0.7162 at the time of reporting, erasing nearly 90% intraday.
Binance Issues Statement Amid Mantra (OM) Price Crash of 90%, Here’s What Traders Should Know
Binance revealed in an X post on Monday, April 14, that it is aware of the severe price crash witnessed by Mantra. The CEX informed that its initial findings conclude – “this crash is primarily attributed to cross-exchange liquidations.”
Since October of last year, the cryptocurrency exchange titan has implemented various risk control measures, such as reducing the leverage levels with regard to the OM token to protect its users from various market risks. Besides, since January of this year, the CEX has also issued a pop-up warning for this token on the spot trading page to inform users of the change in tokenomics.
Notably, the CEX underlined that Mantra’s supply has increased since the beginning of this year, which is an alarming factor when observing price movements. Overall, Binance’s recent release has offered traders and investors clarity on factors fueling the token’s current price slump.
Why Is Mantra (OM) Price Falling?
As mentioned above, Mantra’s price has fallen nearly 90%, even hitting an intraday bottom at $0.4222. This price crash is primarily attributable to massive OM selling, liquidations, and the project facing rug-pull allegations.
Tracker Lookonchain revealed in an X post that at least 17 wallets deposited $227 million worth of tokens into exchanges right before the price crashed recently. These massive dumps totaled nearly 4.5% of the asset’s circulating supply.
Subsequently, the price slump led to $66.97 million worth of liquidations in the past 12 hours, adding severe heat to the price. When coupled with Binance’s recent update on the matter, these factors triggered a highly bearish sentiment for the coin among investors.
Crypto Trader Loses $3.3M Amid Price Slump
Besides, a crypto trader got slammed with an alarming $3.3 million loss due to the recent price crash. Going by the name JB on X, this trader revealed that his initial investment of $3.5 million is now worth merely $200,000 due to the 90% drop.
“My intention was to support the future of RWAs,” the trader added, although the current scenario remains contrary. CoinGape reported that Mantra’s team blamed “reckless liquidations” as the primary reason for the price crash.
Meanwhile, another report revealed that crypto traders lost nearly $400 million amid the OM price crash. Altogether, broader market sentiments orbiting the coin remain highly bearish, with Binance’s update only fueling the fire more.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
The Mantra team has addressed the crypto community following the Mantra (OM) token price crash of over 80% in the last 24 hours. Despite the statement, the community is still concerned that this might have been a rug pull by the team, which controls a huge amount of the token’s total supply.
Mantra Team Responds Following Token Crash
In an X post, the Mantra team assured the community that the token is “fundamentally strong” despite the crash that occurred in the last 24 hours. The team blamed the crash on “reckless liquidations” and denied it had anything to do with the project.
They further assured that this had nothing to do with the team and revealed that they were looking into the Mantra price crash and would share more details about what happened as soon as possible.
In an X post, the project’s co-founder, John Patrick Mullin, further revealed that there was a massive forced liquidation from a large OM investor on a Centralized Exchange (CEX). However, he didn’t reveal whether it was one of the top crypto exchanges.
In another X post, Mullin tried to set the record straight. He stated that they didn’t delete the Telegram channel. He further remarked that the team’s tokens all remain in custody and provided a wallet address (mantra…..quam) for community members to verify this claim.
The Mantra co-founder added that they are actively figuring out why these massive forced liquidations occurred and will provide more information as soon as possible. He assured that they are still here and not going anywhere.
Mantra Price Crashes By Over 80% In 24 Hours
CoinMarketCap data shows that the Mantra price has crashed by over 80% in the last 24 hours. The token sharply dropped from an intra-day high of $6.3 to as low as $0.4. However, it has reclaimed the $1 price level following the team’s statement.
However, amid this statement, some community members still seem convinced that this was a rug pull, as the team controls a huge amount of the token’s supply. Crypto commentator Sjuul described the OM token as the LUNA of this cycle.
He further explained why the community believes the crash was a rug pull, stating that the crash began when a wallet believed to be connected to the team suddenly deposited 3.9 million OM tokens to the OKX crypto exchange. This deposit led to significant selling pressure, which caused the Mantra price to crash.
Besides the token’s crash, the broader crypto market is witnessing a downtrend following US President Donald Trump’s statement in which he debunked reports of an exemption. This comes just a day after the crypto market rebounded following reports that the US president had exempted computers, phones, and chips from his tariffs on China and other countries.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several topics and niches. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover, a traveler and a part-time degen.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Ethereum’s shoddy run of form is reaching its lowest ebb with investors lapping at the charts in bullish fashion. Ethereum price is tipped for a rally to $4,000 after technical indicators flash glimpses of promise for the largest altcoin.
Ethereum Price To $4,800 Is In Play
Cryptocurrency analyst Javon Marks is predicting an extended rally for Ethereum price in the coming weeks on the backs of solid technicals. According to an analysis on X, Ethereum price continues to trade outside of the previous descending trendline after a strong breakout despite recent poor price performances.
Marks notes that the previous breakout triggered an extended bullish run for Ethereum but previous declines leave ETH outside the descending trendline. According to the cryptocurrency analyst, if ETH continues to trade above the trendline, a price target of $4,800 is within grasp. While Marks did not give a timeline, the $4,000 prediction aligns with Standard Chartered’s revised prediction for ETH for the end of 2025.
“With Ethereum still being well broken out of an older resisting trend the target at the $4811.71 level goes unchanged,” said Marks.
While Marks’ prediction offers a ray of hope for the bruised and battered altcoin, trading above the trendline is an uphill climb. For starters, ETH price charts are indicating lower lows and lower highs, confirming a strong downtrend.
Ethereum price has fallen to a new 5-year low against Bitcoin after posting its worst Q1 performance in nearly five years. ETH tanked to lows of $1,400 as investor optimism for the altcoin sunk to previously unseen levels.
Marks Says ETH Can Still Clinch $8,000
The analyst notes if the Ethereum price powers through the maze of challenges on its path to $4,800, it can trigger a sustained rally to $8,000. While the prediction is a steep ascent for ETH, prices have formed a 2020 historical pattern pointing to a rally.
“With this target still in play, an over 200% uphill run to reach it can take place and with the extensive post-breakout action, a break above is possible, bring $8,557.68 into play,” said Marks.
Bankless cofounder David Hoffman has revealed a strategy to improve ETH price performance. The plan involves attracting new users to the Ethereum network while ditching attempts to police users’ behavior.
Despite the possibilities for an upswing, Ethereum price is staring down the barrel of a gun. There are comparisons that the ETH price is mirroring Nokia’s decline with Solana’s rise delivering the final blow for Ethereum.
Aliyu Pokima
Aliyu Pokima is a seasoned cryptocurrency and emerging technologies journalist with a knack for covering needle-moving stories in the space. Aliyu delivers breaking news stories, regulatory updates, and insightful analysis with depth and precision. When he’s not poring over charts or following leads, Aliyu enjoys playing the bass guitar, lifting weights and running marathons.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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