XRP’s recent 7% rise against Bitcoin in the weekly timeframe suggests strong support levels and the potential for a breakout. This gain, combined with a bullish hammer pattern in XRP’s three-month chart, signals substantial appreciation for XRP. Analyst Dark Defender highlights XRP’s awakening in the face of Bitcoin’s momentum loss, indicating a pivotal change in the XRP/BTC pairing.
As XRP/BTC approaches critical resistance levels, crypto analyst Egrag Crypto hints at significant market movements reminiscent of 2017. The market could see fluctuations, with XRP holding strong against a potentially rising Bitcoin. Egrag advises that while there may be a potential 45% drop in XRP’s value against Bitcoin, this might not necessarily translate to a drop in USD value but could reflect a surge in Bitcoin’s performance.
Historical data supports XRP’s resilience and upward trajectory, with solid support levels propelling XRP above crucial trend lines. Investors should stay informed and steady, keeping an eye on possible life-changing buying opportunities. The evolving relationship between XRP and Bitcoin is worth watching for insights into future market movements.
read more >> https://cryptotale.org/market-watch-xrp-gains-momentum-as-bitcoin-slows-down/
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