Will XRP Price Hit $20 If XRP Strategic Reserve is Approved

XRP price could soar to $20 if Ripple’s leadership aligns with Binance’s CZ, who predicts $1M Bitcoin surge soon.Ripple price set for parabolic rally as Changpeng Zhao says Bitcoin will hit $500,000 – $1 millionRipple (XRP) bulls gained momentum Tuesday after Binance founder Changpeng Zhao predicted Bitcoin will eventually hit $500,000 to $1 million. Speaking during a recent interview, CZ cited growing institutional interest and US state-level crypto reserve bills as major catalysts.Ripple (XRP) Price Action, May 7 | Source: CoingeckoXRP consolidates above $2.10, shedding 0.2% in 24 hours, while trading volumes spiked to $4.8 billion. Market analysts believe CZ’s bullish BTC projection may push altcoins like XRP toward new peaks.Notably, Ripple price is up 292% on the 1-year timeframe, outpacing Bitcoin’s 56% uptick over the same period. With altcoin ETFs under SEC review and the XRP Futures ETF already live on Nasdaq, corporate investors could view XRP as a more profitable asset than BTC.Market participants now speculate whether Ripple’s founder, Brad Garlinghouse, will respond to CZ’s statement. His endorsement could validate a long-term bullish trajectory for XRP price, especially ahead of SEC’s ETF verdict expected June 17.If Bitcoin price follows CZ’s projected path, XRP price may repeat previous patterns where it closely-tracked BTC rallies to all time highs in 2021 and 2024 respectively.XRP’s unique positioning as a bridge currency across cross-border payment platforms may amplify that effect.What does CZ’s Prediction Mean for XRP Strategic Reserve Prospects?CZ’s optimistic forecast highlighted two macro drivers: Bitcoin ETFs and state-level legislation for crypto reserves. These tailwinds may also lift XRP.Ripple’s ecosystem is already gaining exposure via the XRP Futures ETF listed on Nasdaq. With a spot XRP ETF decision expected June 17, institutional investors are now watching closely. If approved, XRP would gain direct access to the same capital pipelines that boosted BTC after spot ETF approvals in January.The second catalyst—crypto reserve adoption by U.S. states—also puts XRP in the spotlight. Though current laws prioritize BTC, CZ’s earlier March 2 executive order listed XRP among the five key digital assets for reserves.That early inclusion positions XRP as a possible secondary reserve asset, despite BTC currently dominating the conversation.The dual bullish catalyst from XRP ETFs approvals and US treasury investments could makes XRP a candidate for synchronized gains if BTC price surges towards $1 million as CZ predicts.Here’s Ripple Price Prediction if Bitcoin Hits $1 Million According to Changpeng Zhao’s PredictionRipple (XRP) is currently trading around $2.10 per coin, with a market capitalization of $124 billion as of May 7. At this level, XRP is up 22.5% month-to-date and riding a wave of institutional optimism.If Bitcoin reaches $1 million, as CZ projects, XRP could plausibly rally 8x from current levels. This would place XRP near the $20 mark, assuming it maintains relative correlation to BTC’s market momentum.In 2017 and 2021, XRP tracked Bitcoin’s parabolic surges with a lag. But with ETFs, clearer U.S. regulation, and payment network expansion, this cycle could see a more closely synchronized move.A $20 XRP would give it a market cap above $1.2 trillion, putting it in competition with Ethereum for second place.Howver, such a move would depend on ETF approval, continued legislative alignment, and active endorsement from Ripple executives. As the June 17 SEC decision approaches, market attention will shift toward regulatory signals.XRP Price Forecast Today: Bulls Eye Recovery to $2.33 as Trendline Support HoldsXRP price is trading at $2.12, marginally down 1.49% on the day, but remains structurally bullish despite the recent retracement.As seen in the XRPUSD daily chart below, XRP price consolidating just above its ascending trendline support, a critical level that has sustained the broader uptrend since late March.A retest of the $2.08 support level on Wednesday, coinciding with the trendline and 100-day SMA, suggests that bulls are defending this zone with conviction, preventing a deeper breakdown toward $1.90.XRP Price Forecast TodayThe daily chart shows XRP remains wedged between the 50-day SMA at $2.17 and the lower support band, setting the stage for a technical pivot.While the recent pullback pierced below both the 10-day and 21-day EMAs, the price has not formed a lower low, suggesting the uptrend remains intact.XRP price forecast today remains bullish if support at $2.08 holds and price breaks above the $2.17 level again, which would likely trigger a short-covering rally toward the $2.33 resistance, the next key supply zone marked by the 200-day moving average.Conversely, failure to reclaim $2.17 in the coming sessions would shift the near-term risk back to $2.00 and possibly $1.90.The post Will XRP Price Hit $20 If XRP Strategic Reserve is Approved appeared first on CoinGape.