XRP Mirrors Gold’s Trajectory Suggesting Potential All-Time High Rally

XRP is showing recovery signs, rebounding above $2.2 from a low of $1.90 earlier this year. Analysts predict a bullish long-term outlook similar to gold's historic price movements.

XRP and Gold Comparison

  • Market analyst 'Steph is Crypto' notes XRP's chart setup mirrors gold's macro move between 2023-2025.
  • XRP completed a Wave 4 structure and formed a Falling Wedge, indicating early trend expansion.
  • A parallel chart compares gold’s past price action with XRP's current trajectory.
  • XRP is expected to follow gold's pattern of minimal pullbacks and sustained rally.
  • Projected trajectory suggests XRP could reach a new all-time high near $37 by 2026-2027.

XRP Gold 2

Potential Outperformance of Bitcoin

  • Crypto analyst Matt Hughes highlights a potential shift in the XRP/BTC chart for 2023.
  • XRP might outperform [Bitcoin](https://holder.io/coins/btc/) based on a technical signal.
  • XRP is close to breaking above the monthly Ichimoku Cloud, last achieved in 2018.
  • This breakout could indicate significant relative gains for XRP this year.

XRP price chart from Tradingview.com