XRP/BTC Signals Breakout, Echoing 2017 Bull Run
The XRP/BTC trading pair is showing signs of breaking past key volatility thresholds, suggesting a potential bullish surge in the market.
While the broader altcoin landscape remains under pressure amid escalating trade tensions between the U.S. and its major economic partners, some digital assets are flashing bullish signals.
Notably, XRP’s price relative to Bitcoin is on the verge of moving above the upper Bollinger band on the monthly chart—something that hasn’t happened since 2017. This technical indicator, which consists of a 20-period moving average flanked by two standard deviation bands, is often used to gauge price volatility and market momentum.
A decisive break above the upper band is typically seen as a sign of strong upward momentum, suggesting that buyers are in control. Historically, such moves often lead to extended rallies as traders look to capitalize on a developing trend.
In 2017, XRP surged nearly 200% against Bitcoin after breaching the upper Bollinger band, marking the beginning of a significant uptrend following a prolonged period of sideways movement.
As the XRP/BTC ratio flirts with this key breakout level once again, traders will be watching closely to see if history repeats itself.
