The XRP/BTC trading pair is exhibiting a market pattern that suggests a potential breakout, according to a recent analysis by EGRAG CRYPTO (@egragcrypto).
The analyst stated that the community is not bullish enough because the asset is forming a strong bullish foundation at higher levels against Bitcoin for the first time in history.
#XRP – You’re Not #Bullish Enough! First Time in History: #XRP / #BTC Breakthrough!
📢 Listen carefully! I’ve said it before—when #XRP was around $0.50, I told you that buying at those levels would make you look like a crypto god in the future. I also warned you that buying… pic.twitter.com/kEzj4NgvZv
— EGRAG CRYPTO (@egragcrypto) February 24, 2025
Historic Market Behavior
EGRAG CRYPTO’s analysis focuses on XRP/BTC historical price movements. The chart illustrates three past cycles where XRP experienced sharp upward movements but failed to consolidate in the upper range. In previous cycles, the price surged before entering a bear market, with minimal sustained consolidation at the higher levels.
This time, however, XRP is showing a different trajectory. Instead of experiencing an immediate breakout, it establishes a structured consolidation pattern. This development suggests that the market is preparing for a more sustained rally rather than a short-lived surge followed by a downturn.
Current Market Position and Key Support Levels
XRP currently trades at 0.00002584 BTC, and the analysis identifies a critical range between 0.000023 BTC and 0.00003 BTC, where the asset is forming a strong support zone. This pattern is a significant shift because XRP has never built a solid foundation at this level in past cycles.
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XRP is already rising against Ethereum , and the price action within this range is crucial in determining whether XRP will sustain bullish momentum against Bitcoin.
The key downside level to watch is 0.000016 BTC. Falling below this threshold could signal a major bearish trend, making recovery more difficult. Conversely, maintaining a position above 0.000023 BTC would indicate continued strength, reinforcing the possibility of an eventual breakout.
Breakout Confirmation and Potential Target Levels
EGRAG CRYPTO highlights two primary confirmation levels that traders should monitor. A sustained close above 0.000024 BTC would suggest a bullish foundation is forming. More significantly, closing above 0.000034 BTC would confirm a major breakout, potentially setting the stage for substantial price gains.
If this breakout occurs, the analysis projects target levels at 0.000046 BTC, 0.000136 BTC, and 0.00036 BTC. At current prices, this would push XRP’s value to $33.81, a 780.5% increase from its all-time high. Experts have predicted for years that Bitcoin will lose dominance against XRP . This upcoming breakout could kickstart that trend.
EGRAG CRYPTO drew attention to previous statements where he warned that buying below $1 would become a thing of the past. The analyst emphasized that this could be the last opportunity for investors to accumulate XRP at these levels before a major move upward.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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