XRP Poised for Major Move Against Bitcoin, Says Crypto Trader

Bitget App

Trade smarter

Cryptodnes2024/07/31 11:39

By:Cryptodnes

Renowned crypto trader KALEO has suggested that the XRP/BTC ratio is set for a significant shift.

The trader noted that XRP’s daily chart is breaking past a key resistance level established during last year’s Ripple victory rally. Over the past 24 hours, XRP has seen a 7% increase, outpacing the broader crypto market.

Today, the XRP/BTC ratio reached 0.0000099 BTC, its highest point since March, with nearly a 60% gain in under two months.

According to U.Today, XRP’s Bollinger bands have recently tightened to their narrowest range ever, which might indicate a significant price movement.

Is XRP Set to Surge to $1? According to This Chart it is Possible

The trader humorously remarked that XRP is trading as if it were about to launch its own exchange-traded fund (ETF).

Despite Ripple CEO Brad Garlinghouse’s assertion that an XRP ETF is inevitable, it is unlikely that financial firms will pursue such a product soon.

SHARE: 0 SHARES

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.

APR up to 10%. Always on, always get airdrop.

Lock now!

Discover how Qubetics, Cosmos, and TON are shaping the future of blockchain with innovative solutions and presale success. Explore the Best 100x crypto opportunities today.Qubetics: The Decentralized VPN Revolutionizing Blockchain for Businesses and ProfessionalsCosmos: Connecting Blockchains and Enhancing ScalabilityTON: A New Era of Blockchain with Telegram IntegrationConclusion: The Best 100x Crypto Opportunity Awaits

Coinomedia•2025/05/18 00:44