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Will XRP Crash by 90% Against Bitcoin? Here’s What to Expect First!
In recent weeks, the performance of XRP against Bitcoin has shown notable strength. The XRP/BTC trading pair has steadily climbed above the 0.00002100 mark, tackling long-standing resistance levels. Amid these developments, a provocative analysis from crypto analyst JayDee has ignited debates across social platforms. He suggests a potential explosive rally for XRP against Bitcoin, followed by a severe 90% downturn.
According to JayDee, we are witnessing the culmination of XRP’s multi-year pattern against Bitcoin, with a significant breakout looming. “$XRP is on the verge of its FINAL BIBLICAL MOVE against $BTC in the upcoming months,” he forecasts. A chart from a monthly candlestick timeframe reveals that XRP/BTC is currently positioned near a resistance zone, having exited a long-term descending triangle as of December 2024.
The chart highlights a significant surge potential, indicating that XRP/BTC might escalate to as much as 0.00007, a 164% increase from its present rate of 0.00002649. This level was last seen in mid-2019. The anticipated rise hinges on breaking through the 0.00002700 resistance with sufficient trading volume.
Factors Influencing the Potential Surge
A pivotal factor for this potential outperformance includes the launch of Spot XRP ETFs in the U.S. Further supporting this bullish sentiment is the formation of a bullish crossover on the Stochastic RSI. The momentum indicator, presently just over the 60 mark, suggests an impending sharp rise. Once this bullish crossover is confirmed, XRP could experience a significant rally, aligning with many traders’ expectations for a rapid price increase.
However, this expected surge comes with a significant caveat. JayDee warns of a subsequent dramatic collapse. “Just before a HISTORICAL 90% crash that will wipe out most investors,” he notes. This crash would see XRP/BTC plummet to between $0.000009 and $0.000007, revisiting its long-standing ascending support trendline that has been in place since 2017.
The Potential 90% Crash Scenario
If XRP undergoes a significant price breakdown below $3 and $2, a 90% crash could occur. Alternatively, even without a drastic decline in XRP’s price, an increase in Bitcoin’s dominance and the setting of new all-time highs could drive the XRP/BTC ratio lower.
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Conclusion
Investors and traders should keep a close watch on these developments. While the potential for a significant rally exists, the anticipated downturn could pose substantial risks. Navigating these volatile waters requires staying informed through reliable analyst news and maintaining a strategic approach to cryptocurrency investment.
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