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XRP appears poised for a potential historic breakout against Bitcoin (BTC), following a recent rally that saw the altcoin surpass a critical 30-day resistance level. XRP's performance in the past few months suggests that it may now be in a position to rally towards $4, with a long-term target of $8.
In the last two months, XRP price It surged 271% against the leading cryptocurrency, rising from 0.00000733 BTC to 0.00002678 BTC per XRP. However, this is the level where the price of the digital asset met the first major resistance against Bitcoin.
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This is nothing new, as XRP previously failed to rise above 0.00002678 BTC on multiple occasions, such as the summer of 2023 or the fall of 2022.
It's not even that price point exactly, but the area with rare wicks that appears after sudden pumps could put XRP as high as 0.00004239 BTC. Everything above it is considered a no-go zone — at least since the spring of 2019, roughly six years ago, when XRP was last valued at at least 0.00007 bitcoin.
If the recent wave of growth materializes into something bigger, we could see XRP set a new local high or even an all-time high against Bitcoin.
However, it would be a massive disappointment if this time the popular altcoin found its footing against the leading cryptocurrency out there, making any prediction of it aiming to rise once every six years incorrect.
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It is interesting that the estimates XRP A high of $4.20 is what was first predicted by U.Today last August, when the asset was just starting to hint at a breakout. This has been named as a major end goal if the hack is validated.
Now, we have another confirmation of such a diagnosis, but this time from XRP's performance against it Bitcoin.
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