if Bitcoin Climbs to $200K, Here’s XRP Price Based on XRP/BTC Ratio

Dennis, a well-known crypto analyst who goes by the name Virtual Bacon, recently joined Paul Barron on his show to discuss the XRP market outlook.

During the interview, Dennis projected where XRP could go in price by the end of this year and at the peak of the current market cycle. He based his forecast on XRP’s historical relationship with Bitcoin, providing specific price levels that he believes could play out.

XRP EOY and Cycle Top Targets

When Barron asked for his position on XRP’s near-term prospects and its long-term potential, Dennis looked to the XRP/BTC ratio. He explained that XRP faced suppression during the 2020 cycle, failing to approach the highs from 2017.

Meanwhile, the analyst also extended his outlook to the top of the cycle. Specifically, if Bitcoin appreciates further to $200,000 and XRP’s ratio against Bitcoin pushes higher to around 0.00005 BTC, then XRP could rise toward the $9 to $10 range. Currently, the XRPBTC ratio sits at 0.000025, which means Dennis expects XRP to outperform BTC by 100%.

Importantly, he noted that these targets represent realistic mid-cycle and peak projections. According to him, anything beyond them would require highly optimistic conditions where altcoins outperform Bitcoin by an impressive margin.

Potential Impact of XRP ETFs

Besides price action, Dennis and Paul Barron also discussed the potential impact of XRP ETFs. Notably, Barron pointed out that XRP recently launched an ETF product alongside Dogecoin, noting that some market watchers now consider it a momentum trade.

He asked Dennis whether this early ETF activity signaled upside potential. For context, this referred to the Rex Osprey hybrid ETF, which holds up to 80% exposure. Following its debut, the ETF saw the highest natural opening volume for any 2025 launch.

Responding to Barron, Dennis explained that while momentum does exist, the true turning point will come once spot XRP ETFs debut, which should arrive in about a month.

Barron then mentioned Steven McClurg of Canary, who predicted that XRP ETFs could see inflows as high as $5 billion, which he argued might make it the biggest ETF launch ever. In contrast, James Seyffart of Bloomberg Intelligence expressed more caution, believing Bitcoin would still maintain the crown.

In response, Dennis highlighted the difference between price performance and inflows. He said that XRP’s ETF, thanks to the coin’s volatility, could outperform Bitcoin in price terms and possibly match Ethereum given their similar market caps.

However, in terms of inflows, $5 billion would represent only 1.5% of XRP’s circulating supply, which is modest when compared to Ethereum, where spot ETFs already hold 5.5% of the total supply.

XRP in a Delicate Position

Outside of the Barron interview, other analysts are also looking at XRP’s price action, especially amid the recent drop. For instance, Dark Defender recently noted that XRP rejected resistance around $3.13 and tapped key support levels, including a primary trendline.

XRP 1D Chart | Dark Defender

He said the structure remains intact and pointed out that the daily RSI is nearing oversold territory. The analyst noted that he is still optimistic of a breakout from the falling wedge pattern, setting targets of $4.17, $4.92, and $5.85 while citing support levels at $2.8057 and $2.64.

Meanwhile, analyst Javon Marks focused on XRP’s ability to hold above $2.47. According to him, this is the foundation for a continued move higher. He set a target of $4.804, representing a potential 66% climb from current levels.

$XRP holding above $2.47 means we are still targeting $4.804 in another +66% climb from here, perhaps at minimum… https://t.co/xbee2kKQrS pic.twitter.com/VOJGn9sIhW

— JAVON⚡️MARKS (@JavonTM1) September 22, 2025

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