Recently, crypto analyst Crypto Michael presented a technical analysis highlighting a breakout of XRP against Bitcoin, garnering interest from traders.
Technical Analysis by Crypto Michael
Analyst Crypto Michael shared his analysis on social media, highlighting that XRP has broken through a downward wedge resistance on the daily chart against Bitcoin. His post indicates that at the time of publication, the XRP/BTC ratio stood at approximately 0.00002393 BTC with a daily gain of about 2.92 percent.
Community Reactions from Crypto Traders
Other members of the crypto community responded to the analysis in the comments. User Gevcrypto Official highlighted key levels, stating that a breakout above $2.90 could quickly lead to $3.00, while noting the risk of a pullback to $2.70 if not surpassed. Another user, Wind Blows Tenderness, emphasized the role of trading volume in confirming the breakout, noting increased volume could validate this technical signal.
Implications of the Breakout for XRP
The breakout identified by Crypto Michael bolsters bullish sentiment around XRP, particularly regarding its performance relative to Bitcoin. The shared chart indicates the wedge formation developed over several months in 2025, culminating in the recent move above the resistance trendline. Traders are closely watching to see if the XRP/BTC ratio can maintain positive momentum and reach critical price levels on the USD pair, such as $2.90 and $3.00.
Overall, the analysis by Crypto Michael, along with feedback from other users, reflects cautious optimism regarding XRP's technical outlook. Market participants anticipate that the breakout may lead to significant changes in the valuation against both Bitcoin and the dollar.
