Analyst Forecasts Potential 164% Surge in XRP Before 90% Crash
XRP has shown strong performance against Bitcoin recently, with the XRP/BTC pair trading above the 0.00002100 level and challenging resistance levels.
- Crypto analyst JayDee predicts an explosive rally for XRP against Bitcoin before a potential 90% crash.
- XRP is entering a critical phase, with a breakout expected. Current trading for XRP/BTC is at 0.00002649.
- A surge to 0.00007 would represent a 164% increase, reaching levels not seen since mid-2019.
- The move may occur if resistance at 0.00002700 is cleared and could be influenced by the launch of Spot XRP ETFs in the US.
- A bullish crossover on the Stochastic RSI indicates potential upward momentum.
JayDee warns that following the anticipated rally, a significant crash could occur, potentially dropping XRP/BTC to between $0.000009 and $0.000007, retesting long-term support levels from 2017.
The predicted crash could arise from a severe breakdown in XRP’s price or if Bitcoin regains dominance and sets new all-time highs.
