PakGazette – Looks primed for a potential all-time breakout against (BTC), following a recent surge that has seen the altcoin surpass the critical 30-day resistance level. XRP’s performance in recent months suggests that it may now be positioned to rise towards $4, with a longer-term target of $8.
In the last two months, the price of XRP skyrocketed 271% against the leading cryptocurrency, going from 0.00000733 BTC to 0.00002678 BTC per XRP. However, that is the level at which the digital asset’s price encountered the first major resistance against Bitcoin.
This is not new, as XRP previously failed to break above 0.00002678 BTC on multiple occasions, such as in summer 2023 or fall 2022.
It’s not even this exact price point, but the zone with rare wicks that appear after sudden pumps can put XRP as high as 0.00004239 BTC. Anything above is forbidden territory, at least since spring 2019, almost six years ago, when XRP was last estimated to have at least 0.00007 BTC.
If the latest wave of growth materializes into something bigger, then we could see XRP establishing a new local high or even an all-time high against Bitcoin.
However, the disappointment will be huge if, this time, the popular altcoin finds its place against the leading cryptocurrency there, negating any projections of it aiming higher for once in six years.
Interestingly, PakGazette first rated estimates that XRP would hit $4.20 last August, when the asset was just beginning to hint at a breakout. This was named as the main ultimate goal if the breakout is validated.
Now we receive another confirmation of such a forecast, but this time for the performance of XRP against Bitcoin.
