Top Trader Sets XRP Buy Trigger at 22% Decline vs Bitcoin, Eyes $1.85 Entry
Leading crypto analyst Daniel Liu (VirtualBacon) has identified a buy signal for XRP, advising caution until XRP declines about 22% against Bitcoin. Despite recent bullish events—including the resolution of Ripple’s SEC lawsuit, CME XRP futures launch, Canadian spot ETF inclusion, and a proposed RLUSD stablecoin—Liu emphasizes that a significant retracement is needed for a favorable risk-reward setup. He targets an XRP/BTC ratio drop to the 0.000017–0.000019 area, or roughly $1.85 for XRP if Bitcoin remains above $100,000. Alternatively, further Bitcoin rally with stagnant XRP can also trigger his buy interest. Liu notes that XRP’s demand zone has held, but stresses historical patterns where strong altcoins often correct sharply versus Bitcoin before rebounding. While other analysts offer bullish long-term projections for XRP, such as surpassing Ethereum’s market cap or targeting $13-$22, Liu advises traders to await technical confirmation. Until his retracement scenario unfolds, he recommends waiting for clear entry signals before accumulating large XRP positions.
Neutral
The news is fundamentally neutral for XRP in the short term. While Daniel Liu highlights bullish fundamentals for XRP—such as legal clarity, institutional interest, and product developments—his strategy underscores the need for patience and technical confirmation before initiating new positions. The focus on a 22% retracement against Bitcoin suggests traders are waiting for a better price entry rather than chasing current levels. This cautious sentiment may temporarily limit upside momentum for XRP, although positive fundamentals could support longer-term appreciation after a correction. As a result, immediate market impact is muted, with potential for increased activity only if the targeted technical levels are reached, leading to renewed buying interest.