😱🚀🚀XRP is ready to rise against Bitcoin!
After hitting a four-year low,#XRPnow looks like it’s about to rebound against Bitcoin.
Cointelegraph analysis says $XRP could surge recently. The popular cryptocurrency surged yesterday and was one of the day’s winners.
The analysis also says XRP could surge 30% against Bitcoin due to a triple bottom formation. If it does, it would be the biggest surge XRP has seen in recent years.
So can XRP really surge?
In 2024, XRP performed much worse than Bitcoin. Bitcoin surged due to the spot Bitcoin ETF, but XRP didn’t move much.
Everyone thinks that the security issues between Ripple and the SEC put pressure on XRP. But even if it missed the bull run, XRP still didn’t react.
Cryptocurrencies have been falling lately due to all the bad news, such as XRP, Mt Gox, and the German government missing out on gains. During this period, XRP has fallen every four years.
However, Cointelegraph said that XRP's good days may be coming. The news said that a classic bullish pattern has appeared, which is the triple bottom pattern.
The triple bottom pattern means that the price has fallen to a similar level at three different bottoms. This is a very strong signal. After the third bottom, the price will break through the resistance level.
The day before, XRP was still testing the support level of 793 satoshis (1 satoshi = 0.00000001 BTC) to see if it can break through and enter the BTC trading pair.
On the weekly strength chart, this trading pair also shows a strength of 36. If XRP can continue to stay above 793 satoshis, it may really rise.
But if the situation is reversed and it starts to fall, XRP may fall 15% against Bitcoin.
At this stage of the market, if you sell at a loss, you will be reluctant. If you hold on, you will be worried that it will continue to fall. If you buy at the bottom, you will be afraid of buying halfway up the mountain. If you don’t buy at the bottom, you will be afraid of missing the opportunity to get on board. Most of the time, you are either annoyed or blaming yourself. This kind of life is not easy. If you are in this state now, please like and follow the avatar to join the team! I believe that our meeting can help you reduce the torture I have experienced!
