XRP’s recent achievements have been Relatively strong against Bitcoin In the past month. In recent weeks, the XRP/BTC pair has quietly pushed above the level of 0.00002100 and challenges the long-term horizontal resistance levels.
In the midst of this movement, a new technical analysis of crypto analyst Jaydee controversy has fueled on social media, with the suggestion that XRP will soon be on one Explosive rally against Bitcoin Before you suffer a catastrophic crash from 90%.
Last Biblical Movement to send XRP/BTC increase
According to Jaydee, XRP is Enter the final phase From his multi -year structure against Bitcoin, and a dramatic outbreak can be imminent. “$ XRP is about to have the last biblical movement at $ BTC in the coming months,” he wrote. As shown in a monthly candlestick Time Frame graph of the XRP/BTC pair, which the analyst shared on the social media platform X, XRP/BTC is currently around a resistance zone after he escapes a long-term descending triangle in December 2024.
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A thick green box shown in the graph below suggests that the next movement Can be a quick increase, That the XRP/BTC pair could see acting for as high as 0.00007. At the time of writing, XRP/BTC acts at 0.00002649. That is why an increase to 0.00007 will represent an increase of 164% compared to current levels and the couples trade at levels that have not been seen since mid -2019.
The green target zone is likely to come into play as soon as resistance is erased at 0.00002700 with sufficient volume for XRP. A strong factor that could see XRP perform better than Bitcoin with such a huge amount as Spot XRP ETFs are finally launched in the US.
Supporting this vision is one Bullish crossover -forming On the stochastic RSI, which is circled on the graph. The momentum indicator is currently just above 60 line, which is another sign that the pair can be higher on the edge of a sharp movement. Once this Bullish Cross is attached, the rally would be huge and go along the line of many traders who expect an intense advantage in a short time. However, the expected price over -performance of XRP against Bitcoin comes with a turn; This euphoric phase will not last long.
The predicted 90% XRP/BTC -Crash
Analyst Jaydee warns that what comes after this last Biblical XRP/BTC movement for most XRP holders can be devastating. “Just before historical crash of 90% that the most investors will wipe away,” he added.
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The predicted crash is displayed in the above graph image with a huge blue arrow that points down in a pink zone between $ 0.000009 and $ 0.000007. According to the structure, this drop of XRP/BTC would return to re -test its long -term outstanding supporting trendline, which has been held since 2017.
A crash of 90% in the XRP/BTC pair can act as XRP experiences a serious price deprivation under $ 3 and $ 2. As an alternative, XRP can stay behind and the ratio floats down, even without a sharp XRP price decrease As Bitcoin Dominance regains And is starting to set several new all-time highlights.
Featured image of Getty Images, Chart van TradingView.com