XRP/BTC Pair in 8-Year Triangle — Analyst Says Breakout Imminent
An analyst known as CryptoBull highlighted a long-running symmetrical triangle on the XRP/BTC monthly chart that has persisted since 2018. The pattern shows converging lower highs and higher lows, with key resistance set by 2018 and 2025 highs and support traced to 2018, 2020 and 2024 lows. CryptoBull argues the pair cannot remain inside the triangle after eight years and expects a decisive breakout soon — potentially in March. He has made bullish price calls (e.g., XRP to $4 by March 2 and $9 by March 11) and notes that a breakout above the triangle would signal XRP outperforming Bitcoin and likely draw strong buying pressure. The article reviews XRP’s historical swings, including a 2024 low followed by a rapid 500% rally, and stresses that traders should watch for confirmation of a breakout or rejection at the triangle’s boundaries. This is market commentary, not financial advice.
Bullish
The analyst’s observation of an 8-year symmetrical triangle on the XRP/BTC monthly chart is a technical consolidation that typically precedes a strong directional move as price approaches the apex. A confirmed breakout above the triangle’s upper boundary would indicate relative strength for XRP versus Bitcoin and likely attract buying interest from traders seeking momentum — a bullish catalyst. Historical context in the article (sharp rallies after prior lows, including a 500% rebound post-2024 low) supports the view that XRP can produce rapid upside once a trend change is confirmed. Short-term impact: increased volatility and directional trading opportunities around breakout confirmation (watch volume and monthly close above resistance). Long-term impact: if XRP sustains outperformance versus BTC, the pair could establish a new uptrend, prompting portfolio rebalancing toward XRP. Caveats: false breakouts are common in long consolidations; a breakdown below the lower boundary would be bearish. Market reaction will depend on confirmation (monthly close, volume) and broader crypto market conditions (BTC trend, macro risk appetite).