Despite economic uncertainty, XRP is showing strong bullish signals according to CoinDesk. The XRP/BTC trading pair is approaching the upper Bollinger Band on the monthly chart for the first time since 2017, suggesting a potential breakout.
Why Is XRP Flashing Bullish Signals
The XRP/BTC chart pattern highlights an approach to the upper Bollinger Band, typically signaling increased volatility. A break above resistance could trigger a major rally. A similar setup in April 2017 led to a 200% price surge, posing the question of whether the pattern might repeat, with XRP seeing significant gains against BTC.
Could XRP Rally Like 2017
If XRP clears resistance, a 100%–200% rally is possible. Increased institutional adoption of XRP could fuel momentum. However, if BTC dominance remains high or macroeconomic uncertainty persists, XRP's potential upside might be limited. SEC regulatory pressure could also impact investor sentiment.
Conclusion
With XRP/BTC nearing a major breakout level, analysts are watching for a potential repeat of 2017’s explosive rally. However, macro trends, Bitcoin dominance, and regulatory developments should be considered before making investment decisions.
With strengthening bullish momentum, XRP has potential for significant growth against BTC, but economic and regulatory factors could influence the process.
