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The XRP/BTC weekly chart hints at a potential breakout after months of trading sideways.
Recent weeks have seen the altcoin confined to a tight range, with minimal volatility. This pattern echoes the dynamics before the substantial surge in late 2024, when XRP witnessed a dramatic rise against Bitcoin following a period of flat price movements.
The Bollinger Bands are narrowing, suggesting an impending shift in market direction. While this doesn’t guarantee any specific outcome, it signifies that a larger move is on its way. The altcoin has repeatedly tested the middle band and now sits near the lower end of its recent range, with buyers holding strong between 0.0000215-0.000022 BTC.
It’s yet to break down and is currently holding steady, but if it can exceed 0.00002600 BTC and close above this level, the upper range near 0.00003 BTC could reopen.
However, if XRP fails to achieve this, and drops below its support level, it will likely move back towards the lower band. The exact trajectory remains uncertain, but one thing is clear: a significant price shift seems inevitable soon.
The broader market context—trade disputes, declining inflation, and macroeconomic uncertainties— aligns with the current XRP price action. There’s no clear momentum in either direction; instead, pressure is building.
For now, focus on patient observation of the XRP/BTC ratio. Instead of speculating, stay attentive for an opportune moment to act.
Read the original article on U.Today.