Connect with us

Crypto World

Can bulls break $2 as Bitcoin reclaims $65K?

Published

on

XRP price prediction: Can bulls break $2 as Bitcoin reclaims $65K? - 1

XRP price is back in focus as Bitcoin stages a sharp 24-hour rebound, reclaiming the $65,000 level after dipping to roughly $62,800 earlier this week.

Summary

  • Bitcoin has rebounded to $65,000 after defending the $62,800 support zone, shifting short-term momentum back to buyers.
  • XRP is consolidating near $1.36, with resistance at $1.45 and $1.60, while $2 remains a distant macro target.
  • The XRP/BTC pair remains in a broader downtrend, suggesting XRP is still underperforming Bitcoin despite improving momentum indicators.

Can XRP price follow Bitcoin’s $65K rebound?

The Bitcoin (BTC) price chart shows a strong impulsive bounce, with BTC climbing back above short-term consolidation levels and attempting to stabilize after the heavy sell-off on Feb. 23–24.

The recovery suggests buyers are defending the mid-$62K region, turning it into near-term support, while $66,000–$67,000 now stands as immediate resistance.

Advertisement
XRP price prediction: Can bulls break $2 as Bitcoin reclaims $65K? - 1
Bitcoin price performance

Against this backdrop, the Ripple token (XRP) is trading near $1.36 on the daily chart, consolidating after a prolonged downtrend from above $2.20 in January. Price action shows XRP holding above the $1.30 support zone, with stronger structural support sitting near $1.20, the level that triggered the early-February bounce.

XRP price prediction: Can bulls break $2 as Bitcoin reclaims $65K? - 2
XRP price analysis | Source: Crypto.News

On the upside, XRP faces layered resistance at $1.45 and $1.60. A break above $1.60 would open the path toward $1.80, but bulls would still need a sustained breakout above that level before $2.00 comes into focus. At present, the $2 mark remains a distant macro resistance rather than an immediate target.

Indicators show tentative improvement. Balance of Power has flipped positive at 0.28, suggesting buyers are regaining short-term control, while the Chaikin Money Flow (CMF) has turned slightly positive at 0.03 — signaling mild capital inflows.

However, neither indicator reflects strong bullish momentum yet.

Meanwhile, the XRP/BTC pair remains in a broader downtrend, hovering around 0.0000209 BTC, indicating XRP is still underperforming Bitcoin. For a credible move toward $2, XRP would likely need not just Bitcoin stability above $65K, but also renewed relative strength against BTC.

Advertisement
XRP price prediction: Can bulls break $2 as Bitcoin reclaims $65K? - 3
XRP remains in a broader downtrend against Bitcoin

For now, XRP’s outlook improves if $1.30 holds, but a decisive breakout above $1.60 is the real trigger bulls must clear before $2 enters the conversation. At current momentum, a move to $2 would likely require a broader market breakout led by Bitcoin clearing $67K.

Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Crypto World

Bitcoin Taps $66k as Stock Divergence Hints at a BTC Price Rally

Published

on

Bitcoin Taps $66k as Stock Divergence Hints at a BTC Price Rally

Bitcoin (BTC) rallied toward $66,000 after Tuesday’s gains in the US stock market, as cryptocurrencies sought to halt their 2026 slump.  

Key takeaways:

  • Bitcoin rallied above $66,000 on Wednesday, recovering alongside US stocks.

  • Bitcoin Coinbase Premium Index flipped positive amid $258 million in ETF inflows.

  • While BTC’s correlation with stocks and gold is at its weakest since 2022, it historically signaled significant upside upon reversion.

BTC/USD hourly chart. Source: Cointelegraph/TradingView

BTC price recovers in tandem with US equities

Bitcoin’s recovery Wednesday aligns closely with similar rebounds in the US stock market, with AI and tech stocks leading the market higher.

Source: The Kobeissi Letter

The tech-focused Nasdaq led the recovery with 1.05% daily gains, while the S&P 500 rose 0.68%. The Dow locked in a 421-point gain, closing the trading day on Tuesday 0.86% higher.

Related: Bitcoin bounces to $66K as rumors swirl over Jane Street selling algorithm

Crypto-related stocks also saw moderate gains, with crypto exchange Coinbase (COIN) rising by 1.12% and Strategy (MSTR) gaining 0.73%.

Advertisement
24-hour performance of US stocks. Source: Financial Visualizations

The swift recovery of US equity markets appears to have played a role in easing negative pressure on crypto investors looking to cut risk asset exposure. 

This is evidenced by the Bitcoin Coinbase Premium Index, a metric that tracks the price difference between BTC on Coinbase and Binance, which has flipped positive for the first time since Jan. 15.

This means “US buyers are stepping in,” said analyst Nic in a post on Wednesday, adding that the index needs to stay positive to ensure sustained buying pressure. 

Bitcoin’s Coinbase Premium Index. Source: CoinGlass

The return of demand in the US was also reflected by Bitcoin ETFs, which recorded $258 million in net inflows on Tuesday.

Bitcoin won’t stay disconnected forever: Analysis

Bitcoin, which is often viewed as a risk asset in the short term, has frequently moved in tandem with the stock market, particularly the S&P 500.

The past six months have seen a sustained period of this correlation breaking. The daily correlation coefficient index between BTC price and the US benchmark index, the S&P 500 index, is currently 0.32, and -0.45 with gold.

Advertisement
Bitcoin vs. S&P 500’s and gold daily correlation coefficient. Source: Cointelegraph/TradingView

“Since late August, gold has surged +51%, the S&P 500 has gained +7%, and Bitcoin has fallen -43%,” onchain data provider Santiment said in a recent post on X.  

This marks the weakest correlation between Bitcoin and stocks since the FTX chaos in late 2022.

“Historically, when an asset that is usually correlated breaks away in this dramatic fashion, it typically does not stay disconnected forever,” Santiment said, adding:

“In the long term, this unusual separation actually argues for significant upside for Bitcoin and altcoins.”

Cryptocurrencies, Gold, Bitcoin Price, Markets, Stocks, Price Analysis, Market Analysis, S&P 500, Bitcoin ETF, ETF
Bitcoin correlation with stocks and gold. Source: Santiment

If Bitcoin returns to its historical pattern of tracking equities during economic expansions, “it may have significant room to catch up,” Santiment concluded.

This view was echoed by the founder and CIO of trading company QCP Capital, Darius Sit, who argued that the “Bitcoin vs. gold” debate is often misread as a price contest, when the “more important driver is liquidity and market structure.”

The divergence between stocks and BTC “reflects position unwinds and leverage-driven flows, not a failure of Bitcoin’s longer-term narrative,” Sit said, adding:

Advertisement

“Bitcoin still behaves like a long-term inflation hedge and an increasingly legible form of collateral.”

As Cointelegraph reported, Bitcoin’s adoption by institutions, banks, merchants, public companies and nation-states surged in 2025, confirming it as a maturing asset class for investors.