XRP: Could 50% Breakout Against Bitcoin Be Brewing?

A familiar pattern in XRP’s price action has emerged, reminiscent of a pivotal breakout that occurred before a significant surge in early 2024. Currently, XRP/BTC is displaying characteristics similar to those seen during late 2024, right before an impressive 50% gain against Bitcoin within just two weeks. This bullish trend follows a period of volatility, and experts are observing the emerging pattern as a potential precursor to a future breakout. 8.5% narrowing in Bollinger Bands, which measure volatility, suggests a squeeze like that seen previously. The current price sits around 0.00002473 BTC with the upper band resistance now at 0.00002573 BTC. If XRP closes above this level and volume increases, a significant breakout could materialize, pushing XRP beyond the 0.000036 BTC mark by the end of April.