XRP price prediction: Ripple vs bitcoin chart sets up rare breakout
XRP is showing a rare bullish Ichimoku breakout on the XRP/BTC chart, suggesting potential outperformance against Bitcoin if key resistance is reclaimed.Summary
XRP recently slid to $2.27 after breaking below $2.32 support, but a high-volume flush to $2.21 suggests demand absorbed the selling, stabilizing the price near $2.258-$2.260. Traders are focused on whether XRP can reclaim the $2.31-$2.32 resistance zone to confirm a trend resumption, or if it remains in a descending channel.
Crucially, the XRP/BTC ratio is nearing a monthly Ichimoku cloud breakout for the first time since 2018, a technical signal that historically indicates XRP is positioned to outperform Bitcoin. While this is a relative strength signal and not a guarantee for spot price, a confirmed breakout would suggest dips in XRP are bought more aggressively than Bitcoin dips during risk-on rotations.
The immediate trade hinges on $2.21 holding as support; if it fails, selling could intensify. If $2.21 holds and $2.31-$2.32 is reclaimed, it suggests a high-volume shakeout occurred, potentially paving the way back toward $2.39.
(Source：CoinDesk)