XRP Expected To Break Out Against Bitcoin With 70% Probability

The recent analysis by market technician Dr. Cat suggests a significant potential for XRP to outperform Bitcoin, with a 70% probability of a breakout. This follows a six-week decline in the XRP/BTC trading pair.

Key Points from Dr. Cat's Analysis

Focus on the 2,041-satoshi support level, where multiple Ichimoku timeframes intersect.
A monthly close below this level could trigger a fully bearish trend and increased volatility.
Historically, XRP has shown resilience with higher lows over the past twelve quarters, indicating accumulation.
Potential for a minor rally toward 3,000 sats, representing a 45% increase from current levels, possibly in August.
A 30% chance exists for falling below 2,041 sats, which could lead to prices around 1,800–1,900 sats.
Failure to hold above 2,041 may delay any bullish movement until Q4 2025.

XRP is currently priced at $2.1287. Traders should monitor the critical support level closely as it determines future price action.