The post XRP’s 27% surge looks unlikely – Yet here’s why HODLing might pay off appeared on BitcoinEthereumNews.com.

When Bitcoin slows down, altcoins often steal the spotlight – and XRP appears to be seizing the moment. But is a 27% rally a stretch – or is XRP about to prove the skeptics wrong? Ripple [XRP] has dropped 27% from its $3.40 peak in less than a month, yet the RSI didn’t flash an ‘extreme’ overbought level. Clearly, big gains were realized in the process, forcing weak hands to exit as the market turned volatile, creating a demand-supply imbalance. Now, XRP outflows have surged to 123 million as the price plunged to $2.30, down 26% in a week. Is this the start of a new cycle – or just another bull trap? A window of opportunity Typically, when Bitcoin [BTC] consolidates, investors often turn to altcoins for risk management or quick gains. The XRP/BTC pair seems to follow this trend. Over the past three days, it has turned green, rebounding from the same support level that once sent XRP soaring to $3.40. Source: TradingView (XRP/BTC) At press time, XRP was outpacing Bitcoin with 3x the returns, triggering over $4 million in short liquidations, while Open Interest (OI) was up 1.4%. Perpetual traders were regaining dominance, and buy orders were piling up. With capital flowing from Bitcoin, retail interest surging, and Futures traders piling in, a push toward $3.40 – doubling from its current value – doesn’t seem far-fetched. But with $2.50 acting as a strong historical resistance and market volatility still in play, is a 27% rally too ambitious, or is XRP ready to defy the odds? XRP’s fundamentals under scrutiny The crypto market cap was up 1.57% at press time, signaling fresh capital inflows, yet high-cap assets remained far from their previous peaks. Most were struggling to reclaim key psychological levels, waiting for a bullish spark to reignite…

---

Filed under: News - @ February 9, 2025 11:09 am