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XRP Eyes 50% Breakout Versus Bitcoin as Technicals Mirror 2024 Setup
Ripple’s XRP price is poised for a significant breakout against its counterpart, Bitcoin, as the technical indicators are mirroring a similar setup seen in 2024. The historical context suggests that this type of squeeze rarely ends without an explosive resolution.
Currently, there is limited buzz around XRP, allowing it to potentially build up momentum before making a move. While attention has been focused on Bitcoin lately, the XRP/BTC chart reveals a striking resemblance to the situation in 2024 when the price rose by 50%. The tight bands and flat midline suggest that this setup should resolve itself soon.
The current conditions are eerily similar to what was seen before the massive rally last year. It’s worth noting that XRP has historically been more volatile than Bitcoin, which means an upward resolution could be even more pronounced.
While neither direction is technically ruled out at this point, history favors a positive outcome for XRP investors.
Source: https://u.today/xrp-eyes-50-breakout-versus-bitcoin-as-technicals-mirror-2024-setup
