According to a recent technical analysis by market expert Egrag Crypto, XRP has formed a ‘Super Guppy Compression’ against Bitcoin, indicating the potential for a major structural shift. The analyst revealed what could happen next the XRP/BTC pair following this development, indicating a higher chance of a bullish breakout in the coming months.
XRP Bitcoin Pair Forms Super Guppy Compression
In his X post, Eggrag Crypto as long as a detailed overview of the XRP/BTC price structure and the recent patterns emerging from the chart. He suggested that the trading pair recently entered a transition phase after years of decline, with price action tightening The market went through a period of compression.
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Egrag Crypto revealed that XRP/BTC has completed a Super Guppy compression pattern, showing full ribbon compression in both short and long term moving averages (MA). According to the analyst, this compression signals an impending expansion in volatility exhausted selling pressureand emphasizes a clear transition phase in the market.
The color dynamics within the Guppy system on the map also indicate a shift in market behavior. Egrag Crypto notes that the short-term moving averages, or “ribbons” as he calls them, are turning green, indicating early bullish momentum. At the same time, the long-term ribbons remain red but become flatter, indicating that the downtrend on XRP/BTC is easing. These developments also show that the market has left the country bearish phase; However, a clear uptrend has yet to emerge, putting the trading pair in a base-building phase.
From a price structure perspective, Egrag Crypto notes that XRP/BTC is forming a bullish rectangular pattern. The analyst revealed that the trading pair had repeatedly lost support while facing rejection at resistance, indicating that supply is absorbed rather than being sold aggressively. According to him, this behavior is in line with the textbook reaccumulation patterns observed after long-term downward trends, indicating potential upward movement.
Egrag Crypto has shared key targets for where he thinks XRP/BTC could go next depending on the current market structure. He noted that the structure is more important than the underlying emotion, suggesting that while the market appears calm, it is actively positioning itself for a decisive move.
Analyst sets bullish and bearish targets for XRP/BTC
Expanding on its analysis, Egrag Crypto predicted that the XRP/BTC price has a 60-70% chance of a bullish breakout in the next three to six months. He added that there is also a 30-40% chance of one extensive consolidationbut only if the market structure breaks down – a scenario he considers unlikely.
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Looking at the chart, the analyst has identified two major upside targets and one downside scenario. If XRP/BTC crosses the red resistance line at around $0.0000338, Egrag Crypto predicts an initial rise to a “conservative” target of $0.000091, followed by a rise to a “normal” target of $0.00014. Conversely, if a structure break occurs, XRP/BTC could fall from $0.0000193 to $0.00000668.
Featured image from Freepik, chart from Tradingview.com