XRP/BTC shows significant signs of ending its 8-year downward trend, drawing significant attention from crypto traders and analysts.
Signs of XRP Downtrend's End
The price of XRP relative to Bitcoin has been locked in a downward trend since 2017. However, recent market behavior shows a tightening pattern that suggests an explosive breakout is near. If XRP breaks past this resistance, a major rally could follow, particularly with positive fundamentals lining up.
Anticipated XRP ETF Approvals
One of the biggest bullish catalysts is the growing expectation around spot XRP ETF approvals. Industry insiders suggest that over six XRP ETFs could be approved, following the regulatory clarity that came after Ripple’s legal battle with the U.S. SEC officially concluded. This resolution lifts a major cloud of uncertainty from Ripple and paves the way for institutional interest.
Partnerships and XRPL Upgrades
Beyond ETFs, Ripple continues to strengthen its global positioning. A major partnership with Japan’s SBI Holdings boosts its utility and reach in Asia, one of the most active crypto markets globally. Additionally, the XRP Ledger (XRPL) is undergoing massive technical upgrades aimed at enhancing scalability and smart contract functionality.
With legal clarity, institutional gateways opening, global partnerships, and an improved tech stack, XRP is positioning itself as the large-cap altcoin to watch. Traders should keep a close eye on XRP’s performance in the coming weeks.
