2026-8-3 09:22 |
XRP price is trading around $1.07 after a very slow weekend across the crypto market. The token has been range-bound for weeks, with little movement in either direction.
But one popular crypto veteran, ‘Crypto Bull’, just weighed in on XRP’s price action against Bitcoin. I believe this is worth covering.
His tweet was simple but bold: “The price of #XRP is about to 100% vs Bitcoin!”
The XRP/BTC Chart: A Year-and-a-Half of CompressionCurrent price is 0.00001713 BTC – XRP priced in Bitcoin, not USD – up 0.59% on the week.
Phase 1 (2023-late 2024): Steady Downtrend
XRP was losing value against Bitcoin for well over a year, grinding from around 0.000030+ BTC down to roughly 0.00000900 BTC by late 2024. This was a steady, unspectacular bleed with declining volume, typical of a coin underperforming BTC during a period when Bitcoin dominance was rising.
Phase 2 (Late 2024): The Breakout Spike
A big, high-volume green candle launched XRP/BTC from around 0.000009 to over 0.000020 BTC almost instantly. This coincides with XRP’s real-world catalyst period – the SEC case resolution and ETF speculation era. This is the largest volume bar on the whole chart, confirming it was a major, high-conviction move, not noise.
Source: X/@CryptoBull2020Phase 3 (2025-Present): The Descending Triangle
Since that spike, XRP/BTC has been consolidating in a descending triangle. The pattern features a flat horizontal support floor around 0.0000165-0.0000170 BTC , combined with a series of lower highs compressing down into it.
This is the pattern the trader’s chart is built around. Unlike the descending wedge we discussed in the XRP/USD chart earlier, this is a triangle with horizontal support. Flat support that has been tested repeatedly and held is a stronger floor than a simple downward-sloping trendline.
The Descending Triangle: A Decision PointPrice is now sitting almost exactly at the apex of this year-and-a-half-long triangle, right at the flat support level. This is a genuine decision point. Triangles this mature (18+ months of compression) tend to produce decisive breakouts rather than continued sideways grinding, simply because the range has narrowed to almost nothing.
The Stochastic RSI is currently sitting right around the midline (50.10/52.39), not in either overbought or oversold extremes. Historically on this chart, sharp upside moves in XRP/BTC (like the late-2024 pump) were preceded by the Stoch RSI compressing out of oversold territory. The current reading is not flashing that same extreme setup yet, so this is not a “confirmed” oversold-bounce signal on its own.
What the trader’s 100% thesis is likely based on: the measured-move principle. The height of the triangle’s widest point (roughly 0.0000090 to 0.0000230 BTC, over 100% of the breakout range) projected upward from the breakout point would indeed suggest a target that is roughly double the current price.
That lines up with the “100% vs Bitcoin” claim in the tweet.
Read also: $10,000 in XRP Today – Here’s What It Could Be Worth by 2030
XRP News: ETF Inflows and Ledger UpgradeXRP-focused exchange-traded funds attracted $15 million in net inflows for the week ending August 2, outperforming other major digital asset products. Bitcoin ETFs had minor outflows ($0.6 million), while Solana funds experienced significant outflows ($17 million). This brought total net inflows for XRP spot ETFs to approximately $775.5 million since launch.
The XRP Ledger is poised for a significant upgrade with the proposed xrpld v3.3.0 release. Key amendments include:
Confidential MPT for private token balances Batch for atomic multi-transaction execution Sponsored Fees allowing institutions to cover user transaction costsThese features are designed to meet institutional requirements for privacy and operational flexibility.
Where Could XRP Price Go From Here and Is 100% Against Bitcoin Possible?The descending triangle on the XRP/BTC chart is one of the cleanest long-term structures I have seen in months. The 18+ months of compression, the flat support that has been tested repeatedly, and the volume contraction all point to a significant move ahead.
The 100% target is mathematically derived from the measured-move principle. If XRP/BTC breaks above the upper trendline, the projected target would be roughly 0.000030 BTC , which would represent a 100% gain against Bitcoin. In USD terms, that would depend on Bitcoin’s price, but the relative outperformance would be massive.
However, like all triangle patterns, this only plays out if price actually breaks and holds above the upper trendline. Right now, it is sitting at support, which is where the setup becomes interesting but is not yet confirmed bullish. A breakdown below the flat 0.0000165 support would invalidate the thesis entirely and likely open the door to new lows against Bitcoin.
Mid-term outlook:
Bullish scenario: XRP/BTC breaks above the descending trendline. The measured-move target is roughly 0.000030 BTC , a 100% gain against Bitcoin. In USD terms, this would likely push the XRP price toward $2.00–$2.50 depending on Bitcoin’s price. Bearish scenario: XRP/BTC breaks below the flat 0.0000165 support. The pattern would be invalidated, and XRP could underperform Bitcoin significantly, potentially retesting the 0.00000900 lows.For now, I am watching the triangle apex closely. A breakout above the upper trendline would be the first confirmation of the 100% thesis. A breakdown below support would invalidate it entirely.
Not financial advice. DYOR.
Subscribe to our YouTube channel for daily crypto updates, market insights, and expert analysis.
The post XRP Price Could Be About to Make Its Biggest Move vs. Bitcoin in Years! appeared first on CaptainAltcoin.
origin »Bitcoin price in Telegram @btc_price_every_hour
Ripple (XRP) на Currencies.ru
|
