😱🚀🚀XRP is ready: It can rise against Bitcoin!
Having fallen to four-year lows, #XRP appears to be at the beginning of a potential comeback in the Bitcoin trading pair.
According to Cointelegraph's analysis, a major rise may be seen on the $XRP side in the near future. The popular cryptocurrency managed to make its name among the winners of the day with the peak it reached in the last 24 years.
The analysis suggested that XRP could experience a 30 percent increase in Bitcoin parity through a triple bottom formation. If this rise occurs, XRP will experience the biggest rise of recent times.
Will XRP achieve the expected rise?
XRP performed very poorly compared to Bitcoin in 2024. Unlike Bitcoin, which experienced a bull run with spot Bitcoin ETFs, there was no noticeable rise on the XRP side.
It is thought that the security value between #Ripple and the SEC puts pressure on XRP. Still, there was no reaction to XRP, which missed the bull market.
We have been subject to declines of cryptocurrencies due to the spread of various negative news, such as XRP, Mt Gox and the German government missing the rise. XRP experienced a low resolution decline every four years during this period.
Cointelegraph suggested that the expected return may have arrived. It was stated in the news that a classic bullish formation (triple bottom formation) emerged.
A triple bottom formation occurs when three different bottoms form in the price and they all reach a similar price. This indicates a powerful symbol. The price moves above the potential resistance level after the third bottom.
The previous day, XRP was testing support around 793 satoshi (1 satoshi = 0.00000001 BTC) for a potential breakout into the BTC pair.
The pair also found strength around 36 on the weekly strength chart (RSI). Continuing to hold above 793 sats could realize the triple bottom target for XRP/BTC.
If the opposite happens and there is a withdrawal, there is a possibility that XRP will experience a 15 percent decrease in BTC parity.
