XRP Price Poised for Potential 958% Surge Against Bitcoin Following Rare Bullish Crossover
The post XRP Price Poised for Potential 958% Surge Against Bitcoin Following Rare Bullish Crossover appeared on BitcoinEthereumNews.com.
XRP/BTC pair shows bullish cross with 55-week EMA breaking above 155-week MA. Previous occurrence in 2017 preceded 958% price rally to historic high. Analyst projects possible $16-29 price targets depending on Bitcoin’s performance. A technical development has emerged for XRP as market analyst EGRAG Crypto identifies a rare bullish crossover on the XRP/BTC weekly chart, potentially signaling an explosive price movement ahead. This bullish signal comes as XRP shows signs of renewed momentum, reclaiming the $2 mark with a 12.38% gain over the past 24 hours despite dropping 2.89% over the previous seven days amid broader market volatility. The technical indicator in question involves the 55-week Exponential Moving Average (EMA) crossing above the 155-week Simple Moving Average (MA) on the XRP/BTC pair. This rare crossover occurred on February 17, 2025, marking only the second time in XRP’s trading history that such a pattern has formed on this timeframe. The historical significance of this pattern cannot be overstated. The last time this crossover materialized was on May 15, 2017, which preceded a staggering 958.97% surge in the XRP/BTC ratio. During that period, the pair climbed from deep lows to a peak of 0.00022104 BTC per XRP, coinciding with XRP’s rise to its all-time high of $3.8 in January 2018. XRP shows similarity to 2017 According to EGRAG Crypto, the current market structure bears striking similarities to the 2017 setup, suggesting that a similar explosive run could materialize in the coming months. Following the February 2025 crossover, XRP/BTC attempted to retest the 55 EMA but failed to make contact before bouncing. The analyst suggests that if a proper retest occurs now, the pair could drop from its current level of 0.00002424 to approximately 0.00001850. #XRP / #BTC: 55 EMA & 155 MA ($22-$29) but first $1.4: 🟣55 EMA * 155 MAHas anyone…
Filed under: News - @ April 10, 2025 7:26 pm