Crypto market in red, but XRP/BTC aims for new bull price targets

1 month ago 20

Today, the cryptocurrency market is also down, with the price of BTC once again falling below 100,000 dollars, but the XRP asset seems to be ready for a pump.

Technical analysis and chart indicators suggest a possible upward movement of the XRP/BTC pair, potentially breaking a macro range that has lasted since 2020.

Will this be the right time for Ripple’s currency to regain its historic 2018 prices, when it was traded at about 10 times its current value?

Let’s see all the details below.

The altcoin sector is struggling, but the price of the crypto XRP shows signs of strength

Since the beginning of 2025, the crypto market has not experienced the positive traction that was hoped for with the advent of the new Trump administration in the US government.

The inauguration event of the new USA President turned out to be a real “sell the news” with the price of Bitcoin dropping by about 9% since January 20th.

Yesterday, the Trump effect was still expressed with a bearish direction in the crypto exchanges, after he threatened the imposition of heavy foreign tariffs.

Investors are pricing in the possibility that the United States might stumble into a new trade war with its main partners, potentially destabilizing the global economy.

In the midst of these uncertainties, the BTC price collapsed near 91,000 dollars, then allowing for a recovery that stalled once again below the key level of 100,000 dollars.

In the last 4 days alone, the orange cryptocurrency has shown a bearish volatility of 13.5%, accompanied by high trading volumes and significant liquidations.

In a context like this, the altcoin sector has struggled even more to stay afloat, overwhelmed by the continuous selling pressure and the fragmentation of liquidity.

Several tokens recorded drops of up to over -20% in yesterday’s bloody session, highlighting their graphical fragility.

Few coins have been saved from the disaster and have managed to recover well from yesterday’s crash, showing strong support from the demand side.

One of these is XRP, which closed up by 4.6% in its last daily candle, despite temporarily dropping by 30% to 1.77 dollars with a long shadow.

At the time of writing, XRP is worth 2.6 dollars, with a market capitalization of 150 billion dollars.

Analysis of the monthly XRP/BTC chart: possible price breakout from the 5-year maxi sideways range

Analyzing the monthly chart of XRP/BTC, we notice how in recent months Ripple’s coin has outperformed by far the king Bitcoin.

Since November, the price of XRP has increased by 250% more than BTC, highlighting the possible positive effects of the new US government, and more specifically in the internal changes of the federal agency SEC.

For several years, in fact, this token has been undermined by the bullismo of Gary Gensler and the entire U.S. federal body responsible for stock market oversight, accused of representing a so-called “security asset”.

This legal squabble between Ripple Labs and the SEC has been going on for almost 5 years, but now it seems things are destined to change.

Since commissioner Gensler submitted his resignation, the XRP price has started to grow significantly, attracting the attention of investors.

Now the XRP/BTC chart is in the upper part of the macro range started in 2020, which goes from 0.00006 sat to 0.000035 sat.

A technical breakout above this range could lead to a potential price increase of approximately 108%.

Such a growth would bring the chart to the key level of 0.00007 sat, where a cluster is located that has acted as support multiple times in 2018.

Obviously, it is still early to draw conclusions, but we can anticipate that, in the event of a bull breakout for XRP, all the conditions are in place to aim for the quotations of the golden years.

It will be crucial in this regard that the breakout occurs with strong volumes and that it is not rejected in the following days by the short sellers.

Bollinger Bands on XRP/BTC suggest a pump is coming

Another indicator that suggests a possible price increase of the XRP/BTC chart is the Bollinger bands.

This tool is used to measure the volatility of a security and identify potential trend reversals.

The bands in the chart expand when volatility increases and contract when volatility decreases, giving analysts a clue about the possible expected direction.

These are positioned plus two and minus two standard deviations above the simple moving average at 20 periods (day/week/month) of the price of an asset.

Usually, traders take long positions when they encounter similar patterns where the prices exceed the upper band of the indicator.

At the same time, they position themselves short when the chart breaks downwards through the upper band after a period of high volatility, as after the top of 2018.

In the case of the monthly chart XRP/BTC, the Bollinger Bands show a bullish imbalance scenario similar to that observed in 2017, before a 200% pump.

The prices seem oriented to close the period of low volatility (narrow bands) to make room for a more bullish phase of the market.

This theory seems to be in line with that of the breakout of the 5-year range mentioned in the previous paragraph, providing greater technical validity.

As already mentioned, it is still too early to say that we are facing a moment of altseason like the one at the end of 2017/beginning of 2018, but we are approaching a similar landscape.

We also remember that in 2017, when the price of XRP had reached $3 for the first time, BTC was being traded at new all-time highs at $20,000.

Having said that, we will have to wait for a new leg up from the world’s number 1 crypto to subsequently give space to the ego of XRP.