XRP/BTC Retests Six-Year Breakout Trendline, Analyst Predicts Outperformance
The XRP/BTC monthly chart indicates a significant technical breakout of a long-standing resistance trendline since 2018. Analyst X Finance Bull suggests this move may lead XRP to outperform BTC soon.
- XRP/BTC has broken and retested the resistance trendline as support, signaling potential momentum buildup.
- The mid-October crash briefly pushed XRP below the trendline, but it recovered, maintaining its position above the trendline.
- This recovery marks the completion of a breakout from the downtrend between 2018 and 2024, showing early signs of an upward shift.
- XFB identifies two target zones for XRP: 0.00014688 BTC and 0.00023009 BTC, suggesting potential gains of 6x and 10x relative to Bitcoin.
- The analyst also highlights Ripple's growing institutional ecosystem, including partnerships with Ripple Prime, GTreasury, Metaco, Standard Custody, and Rail, which could boost XRP’s role as a global finance bridge asset.
- At present, XRP trades at $3.63, marking a 3.5% increase over the past day.
