XRP is showing signs of a possible major move against Bitcoin, with technical indicators pointing to a potential 30% breakout.
Technical Analysis of XRP/BTC
The XRP/BTC trading pair has recently shown sideways movement in a tightening range, drawing the attention of traders looking for the next major moves. A notable squeeze in the Bollinger Bands is observed, typically indicating a possible breakout.
Signals for Breakout
Currently, XRP trades around 0.00002292 BTC, but the upper band sits higher, near 0.00003079 BTC — a level that would mark a 30% gain if reached. After a streak of solid upward candles, XRP has cooled off and mostly remained flat.
Market Sentiment and Expectations
While there is no confirmation yet, a clean move beyond the upper range could bring new buying pressure into the pair. Overall market sentiment remains cautious; however, technical patterns like the Bollinger Band squeeze often lead to rapid movements in either direction.
All eyes are on whether XRP can break out cleanly from this consolidation. If it does, the 0.00003079 BTC mark becomes the immediate level to watch.
