Feb 17, 2026
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BULLISH 📈 : XRP Gains Relative Strength Against Gold in Historic Zone
- Crypto sentiment has reached historical lows, according to Will Taylor of CryptoinsightUk. He notes a shift from "collapse" to late-stage drawdown, using XRP priced in gold as a key indicator.
- Taylor highlights Bitcoin's oversold levels on the weekly chart, suggesting past occurrences marked bear market lows or were close to them. This signals potential exhaustion rather than further decline.
- The focus is on Bitcoin dominance volatility, with compressed Bollinger Bands indicating an impending expansion, leading to increased volatility.
- Taylor anticipates a downside break in Bitcoin dominance below 36%, which could suggest new capital entering crypto and rotation across risk assets.
- The OTHERS/BTC ratio shows altcoins gaining relative strength, supported by a bullish RSI cross and MACD volume candles.
XRP Against Gold: A ‘Historic Zone’ Setup
- XRP priced in gold has entered a strong historical support zone, with RSI levels only seen once before, preceding the 2017 expansion.
- Taylor suggests a potential 20x move against gold if XRP holds support and completes a Fibonacci extension, though relative performance may not translate directly to dollar value.
- He views sustained outperformance versus gold as indicative of capital rotating into risk, favoring altcoins.
- Taylor also examines XRP vs. Ethereum, suggesting a potential wave three in Elliott Wave analysis, with monthly RSI signaling continuation.
