XRP has recently performed well. relatively strong against Bitcoin It has been a month since the implementation of this project. The XRP/BTC pairing has quietly pushed above the 0.00002100 mark and is challenging the long-standing resistance horizontal levels.
One new analysis, by JayDee, a crypto-analyst, has caused controversy on the social networks, with the claim that XRP will soon become a national currency. explosive rally against Bitcoin Before suffering a 90-percent crash.
Last Biblical move to Send BTC/XRP Surging
JayDee claims that XRP has a lot of potential. entering the final phase Its structure over a multi-year period is comparable to Bitcoin and could lead to a sudden, dramatic rise. “$XRP is on the verge of having its FINAL BIBLICAL MOVE against $BTC in the coming months,” he wrote. The analyst, who shared a candlestick chart on X’s social media platform X of the XRP/BTC pairing, showed that XRP/BTC was currently in a zone of resistance after escaping a long term descending triangular pattern in December 2024.
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The chart shows a thick green box that indicates the direction of the next move. may be a rapid surge, The XRP/BTC could trade as high as 0.00007 XRP/BTC was trading at 0.00002649. Hence, an increase of 0.00007 represents a 164% rise from current levels. The pair will trade at levels last seen in mid-2019.
Once resistance is broken at 0.00002700, the green zone should be in play. The Spot XRP Exchange Traded Funds could play a huge role in the performance of XRP. are finally launched in the US.
This view is supported by a bullish crossover forming Stochastic RSI circled. This is another indicator that suggests the pair is about to take a major move up. The momentum line is just below the 60-line. The rally will be huge and traders expect a rapid increase in price. The expected overperformance in XRP’s price against Bitcoin is not without a catch; the euphoric period won’t last.
This Predicted 90 XRP/BTC Drop is Coming.
Analyst JayDee warns what happens after the final Biblical move of XRP/BTC could be disastrous for many XRP owners. “Right before HISTORICAL 90% crash that will wipe out most investors,” He added.
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On the chart above, you can see a huge blue arrow that points down into a pink area located between $0.000009-$0.0000007. The structure suggests that this crash would allow XRP/BTC back to its ascending trendline of long term support which it has been holding since 2017.
A 90-percent crash could be seen in the XRP/BTC pairing if XRP experiences a severe price Breakdown below $3 and $2. Alternative, XRP may underperform, driving the ratio down even without a steep XRP decline. if Bitcoin regains dominance The new record-breaking year begins.
Chart from Tradingview.com, image from Getty Images
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Source: www.newsbtc.com
