Analysts view XRP’s chart against BTC as signaling its biggest breakout in history. The pattern features a hidden bullish divergence that could spark a rally if the upper boundary of a seven-year falling wedge is breached. After a 27% drop over the past month, momentum appears to be shifting as the RSI hints at potential upside. Traders are watching for confirmation that the wedge breakout could unfold.
A separate bull case centers on a double-bottom formation on the one-month chart, with proponents arguing that a breach of the lower trendline and subsequent move above the upper line could push XRP toward $18. Another line of thinking ties XRP’s upside to a potential multi-dollar target, including a scenario where XRP could reach $7 if Bitcoin’s market cap spikes above roughly $7.3 trillion. ZyCrypto also noted these viewpoints as part of the discussion around XRP’s trajectory. At the time of writing, XRP traded around $1.35, with daily volumes near $3.4 billion, underscoring that the market remains volatile as these breakout scenarios unfold.
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