Volatility in the broader market has kept pace with XRP, with prices battling to stay above the key support area. Amidst this, XRP bulls remain active, hinting potential rally soon
While the world economy faces uncertainty with possible trade wars, cryptocurrencies show mixed signals. Bitcoin (BTC) remains strong, but other digital coins, like XRP, hint at a potential rise. A key signal suggests a potential breakout for XRP ahead.
XRP/BTC Ratio Hints at a Bullish Move
The global economy risks instability, with tensions rising between the U.S. and its major trading partners. This could affect digital assets, especially altcoins like XRP, which are often more volatile than Bitcoin. However, despite the uncertain times, the coin is starting to show signs of strength.
XRP’s price is nearing a key point compared to Bitcoin (the XRP/BTC ratio). It is almost breaking through the upper Bollinger band on the monthly chart, which has not happened since 2017.
For context, Bollinger bands track price changes and show where volatility is increasing. When the price breaks above the upper band, it typically signals that the market is moving quickly in a positive direction.
This type of price movement is called a “bullish breakout,” meaning there’s a strong chance XRP could rise significantly in the near future. In April 2017, the coin broke above the upper Bollinger band, and its price surged nearly 200%.
This happened after a long period of quiet trading, similar to the current situation. When the price stayed between the bands for a while, it set the stage for a big move. The question is whether XRP will follow the same pattern and see a similar price jump.
Meanwhile, the digital asset is trading at $2.516, up by 0.74% in the last 24 hours, per CoinMarketCap data. Interestingly, top analysts have shared an optimistic outlook for XRP to reach new heights in 2025.
What’s Next for Ripple Token?
The future of XRP depends on how the economy evolves, how Bitcoin performs, and whether it can maintain its upward momentum. The signs point toward a potential rise, but it is uncertain if XRP can break past previous highs. Nevertheless, only time will tell if it will repeat 2017’s bullish run.
Disclaimer: The information provided in this article is for informational purposes only. It does not constitute investment, financial, trading, or any other sort of advice. You should not treat any of BGECrypto’s content as such. BGEcrypto does not recommend that any cryptocurrency should be bought, sold, or held by you. Do your due diligence and consult your financial advisor before making any investment decisions.
