📉 Bitcoin risks 30% loss against XRP if ‘triple bottom’ confirms

- 🪙 XRP's potential comeback:

- XRP has lagged behind Bitcoin in 2024.

- Recent sell-offs by Mt. Gox and the German government might spark renewed interest in $XRP .

- 📈 Triple Bottom Formation:

- XRP is nearing a breakout against Bitcoin.

- Target: 1,055 satoshis if the neckline resistance of 793 satoshis is broken.

- Risk: A pullback could push XRP to 664 satoshis (down by 15%).

- 📊 Bitcoin’s Drawdown Benefiting XRP:

- German government sold 46,200 BTC since mid-June.

- Mt. Gox reimbursement led to reduced Bitcoin interest.

- XRP/BTC pair up by over 20% in July.

- 🔄 Market Shifts:

- Bitcoin dominance fell to 54.55% from 55.46%.

- Traders possibly rotating into altcoins.

- XRP's year-to-date returns: -26.50%.

- 📉 RSI Indicators:

- XRP’s weekly RSI at 36, indicating it's undervalued against Bitcoin.

- Historical context: Last time XRP’s RSI was at 33, it saw a 194% rally.

- Bitcoin’s weekly RSI declined from 88 to 45.50, indicating weakened momentum.

- 🚀 Future Outlook:

- Potential upward movement for XRP.

- Speculation around an "inevitable" exchange-traded fund launch for XRP.

For more detail : https://bitly.cx/BmLHk