XRP Poised for Major Move Against Bitcoin, Says Crypto Trader

Renowned crypto trader KALEO has suggested that the XRP/BTC ratio is set for a significant shift.

The trader noted that XRP’s daily chart is breaking past a key resistance level established during last year’s Ripple victory rally. Over the past 24 hours, XRP has seen a 7% increase, outpacing the broader crypto market.

Today, the XRP/BTC ratio reached 0.0000099 BTC, its highest point since March, with nearly a 60% gain in under two months.

According to U.Today, XRP’s Bollinger bands have recently tightened to their narrowest range ever, which might indicate a significant price movement.

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The trader humorously remarked that XRP is trading as if it were about to launch its own exchange-traded fund (ETF).

Despite Ripple CEO Brad Garlinghouse’s assertion that an XRP ETF is inevitable, it is unlikely that financial firms will pursue such a product soon.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.