XRP Could Soon Outperform Bitcoin, Analyst Says
A renowned cryptocurrency proponent has indicated that XRP’s price could soon outperform the flagship crypto Bitcoin, with a potential 1,500% surge should it break through a pivotal level.
Attributes XRP/BTC Pair at the Bottom of Range
The pseudonymous analyst noted on X that the XRP/BTC pair is now sitting at the bottom of its range. According to him, it is only a matter of time before it makes an 88% move against Bitcoin.
Major Resistance Level for XRP
The analyst highlighted that if XRP can break and hold above the major resistance at around 0.000027 BTC, it may surge as much as 1,500% against Bitcoin, pushing its price over $10 from the current $0.60 per token.
RSI’s Potential Influence on XRP’s Price
In the analyst’s view, the Relative Strength Index (RSI) may see XRP move up between 1,000% and 1,485% to surpass $10. RSI is a momentum indicator used in technical analysis.
Investopedia’s Take on RSI
According to Investopedia, the RSI measures the “magnitude of recent price changes to evaluate overbought or oversold conditions.” An RSI reading between 0 and 100 can indicate overbought or oversold conditions.
Parabolic Move on the Horizon for XRP
Another expert has suggested that XRP is on the verge of a “parabolic move” over a rare bullish pattern that emerged on its price charts.
Hot Take: Specialist Encourages XRP Investment
If XRP can manage to break through a key resistance level against Bitcoin, it could lead to a significant surge of up to 1,500% according to the latest analysis. This would certainly provide encouragement for those considering investing in XRP, even with its current price standing at just $0.60 per token.
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