Predicts a 48.025% increase in #XRP price to an aggressive $249 based on historical and anticipated price correlations with Bitcoin's (BTC) moves.

In a graphic posted lately on TradingView, the analyst stated his forecast. The graphic, titled "Jesus Christ, Mr. Pool & Biggie Smalls," provides an intriguing examination of the price of XRP relative to Bitcoin.

First, oaksacorn suggests that Bitcoin's (BTC) trajectory will be similar to 2015's by establishing connections between the two cycles.

This theory predicts that Bitcoin's price would soar to $215,000 by September 2024, allowing XRP to leap to $43. This optimistic outlook is predicated on BTC's past trends.

But it's the prediction that follows this that has the crypto world buzzing. Oaksacorn forecasts a BTC price of $1,247,000 if Bitcoin follows the same pattern of growth as it did between 2015 and 2017.

The researcher has extrapolated that this means XRP may rise to an incredible $249. To reach this level, the price would have to increase by a staggering 48.025%. Investors are nonetheless wary because of how quickly prices are rising.

This Is the Greatest MA Ever From CM

The CM Ultimate MA, a bespoke indicator created by seasoned analyst Chris Moody, was used by oaksacorn. This indicator uses complicated algorithms to assess price changes by utilising moving averages.

Interestingly, when $XRP is in a bearish phase, the indicator flashes a red indication. As XRP starts moving in a bullish direction, the opposite colour light turns on.

During the time of oaksacorn's research, the CM Ultimate MA indicator for XRP showed a red sign, indicating the possibility of a downward trend.

The expert, however, believes that the appearance of green signs may signify the beginning of XRP's march towards the coveted $249 level.

The Road to $249 for XRP

The estimated path towards this incredible price starts with a target of $7. If XRP is able to break through this barrier, the next target is at $34.

Nonetheless, oaksacorn believes that following the $34 high, there will be a little correction followed by a period of consolidation. It's possible that the last push towards the $249 goal will come after this period of consolidation.

With its current price of $0.5174, XRP would need to increase by 48,025% to reach $249. This type of rise for XRP is not uncommon, but it would be extremely difficult to repeat given the asset's present price.