XRP price could see an impressive spike if it follows the path laid out by Bitcoin as the firstborn crypto claims the new bull target from Ark Invest.For context, leading asset manager Ark Invest recently adjusted its Bitcoin price predictions for the end of the current decade, considering prevailing market realities. As reported by The Crypto Basic, the firm presented this update in a report within the series "Big Ideas 2025."Ark Invest Predicts Bitcoin to $2.4M in Bull Case ScenarioSpecifically, analysts at the firm believe Bitcoin's worst-case scenario would see its price reach a range of $300,000 to $500,000 by 2030, with the base case scenario projecting a run to $1.2 million. Meanwhile, they expect an uptick to $2.4 million by 2030 in the bull case, representing a 73% compound annual growth rate (CAGR). For context, the $2.4 million price would represent a massive 2,435% increase from Bitcoin's current price of around $94,000. However, it is important to note that such an impressive increase in the pioneering crypto asset's price would have a widespread impact on the broader crypto market, with XRP potentially benefiting.Bitcoin and XRP Price CorrelationNotably, CoinMarketCap data confirms that over the past month, XRP price has persistently followed Bitcoin's direction with some slight deviations. However, both assets have generally taken the same path this month, especially during the market-wide turbulence amid macroeconomic tensions.Bitcoin and XRP Price Correlation CoinMarketCapBitcoin and XRP Price Correlation | CoinMarketCapInterestingly, with BTC up 7.7% in the last 7 days, XRP has increased 7.1% within the same period. While this close price correlation can be detrimental if Bitcoin sees a downtrend, the phenomenon is also beneficial to XRP when the firstborn crypto records a massive uptick in price. Consequently, a rally to the $2.4 million mark would equally lead to an impressive run for XRP price. XRP Price if BTC Reaches $2.4MSpecifically, as Bitcoin increases by 2,435% to the $2.4 million price mark, XRP could observe a comparative 2,400% increase. With XRP price currently sitting at $2.27, a rally of this magnitude would push it to $56.75. Notably, earlier this month, market analyst Cryptominder projected XRP price to claim the $50 range by 2030.However, while analysts at Changelly believe this price is attainable, they don't expect XRP to reach it in the next five years. Instead, they project a possible run to $50.12 as XRP's maximum price in February 2033, eight years from now. For perspective, a $56.75 price would push XRP's market cap to $3.3 trillion, larger than the current global crypto market cap.Nonetheless, XRP currently boasts a market dominance of 4.55% at press time. If the asset's dominance remains stable while it claims the $56.75 price level, this would translate to a global crypto market cap of $72.53 trillion. At this level, Bitcoin's market cap would sit at $46.6 trillion if it maintained its dominance of 64.23%.
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