All Eyes On The MACD
Crypto analyst JD has highlighted the Moving Average Convergence Divergence (MACD) as the trigger for XRP to experience a significant rally. He noted that the last time the MACD crossed the 0 level, XRP went “parabolic” and saw a 650x gain. JD believes that a breakout from the 8-year trendline dating back to 2017 could instantly make the market bullish, even though the MACD is currently below 0. Another user on X agreed, stating that once XRP crosses the $0.92 price level, it’s “game over.” JD has refrained from giving a specific price prediction but suggests that XRP could rise as high as $15 based on previous patterns.
Between XRP And Bitcoin
Another crypto analyst, Egrag Crypto, discussed how Bitcoin’s price could impact XRP. He mentioned a scenario where BTC surging to the 48k-50k range might cause pressure on XRP and result in its decline against Bitcoin. However, if XRP decides to “decouple and carve its unique path,” things could turn out differently. Although this projection may not be favorable for XRP, Egrag noted that it could still be remarkably bullish if liquidity flows back aggressively to altcoins like XRP once Bitcoin releases absorbed funds. CrediBULL Crypto has also mentioned that XRP will benefit greatly from an influx of new money in the future.
Hot Take: XRP’s Potential Rally
XRP’s potential rally hinges on the MACD crossing above the 0 level, triggering a breakout from an 8-year trendline. If this happens, JD believes the market will become instantly bullish. While he refrains from giving a specific price prediction, past patterns suggest that XRP could rise as high as $15. However, the price movement of XRP is also influenced by Bitcoin’s performance. If Bitcoin surges to the 48k-50k range, it may exert pressure on XRP and cause a decline. Nevertheless, there is still potential for XRP to decouple from Bitcoin and experience a bullish trend if liquidity flows back to altcoins.
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