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Although the XRP price is still well below its all-time high, the XRP price has performed well after the market rebounds. Altcoin is able to surpass the appearance of Bitcoin and show its strength in the market with a huge profit. This is because crypto analysts in the community have been predicting and demanding higher prices, expecting XRP to remain superior to heavy duty people.
XRP leaves Bitcoin and Ethereum in dust
Pro-XRP attorney Bill Morgan went to social media to share important recent updates about XRP price performance. Screenshots shared in X’s post show that XRP performs well compared to Bitcoin and Ethereum.
XRPUSDT pairs showed XRP increased by 9.96% in the last week of the post. In contrast, the XRP/BTC pair showed A1.18% in 7 days and an increase of 1.50% in 24 hours. Then, the numbers are even worse than Ethereum. The XRP/ETH pair showed a 20.73% crash in 7 days, while the performance was reduced by 5.18% in 24 hours.
“Strange Signal” says blowout is coming
Crypto analyst Masterananda pointed to the “strange signals” that have formed on the XRP price chart. This signal is accompanied by a rapid change in the formation of candles on the price chart through bear and bull cycles. The formation of this candle refers to the volatility and price fluctuations experienced by Altcoin each time.
The first fact that crypto analysts pointed out is that, back in December 2024, XRP formed large candles at the peaks earlier this month. Even if the price turns and starts to fall, this continues.
Again, in mid-January 2025, when prices peak again, the candles get bigger and bigger, and the same thing will happen. With the high volatility and rapid price volatility of XRP, they continued until April.
However, with the decline in volatility and price volatility, the trend of candle formation seems to have begun to change. From mid-April to the end of this month, crypto analysts explained that there were smaller candles when prices rose. As volatility declines, analysts noted that XRP moves lower but never makes a new low called a bullish signal.
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“When the market is bearish, the price falls with force,” Masterananda wrote. “The market is now bullish because when resistance is hit, there is no bearish power, no bearish action has no bearish motivation; it is just consolidated before additional growth.”
If this bullish signal airs, then, by the analyst’s chart, the price of XRP may be harvested at $3.6. This will be the current level of price over 50%, perhaps pushing it to new all-time highs.
Featured pictures from dall.e, charts from tradingview.com
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