XRP/BTC Ready to Break Eight-Year Downtrend
Di XRP/BTC pair dey test one descending trendline wey don dey cap rallies since 2017. Dis wedge compression na di tightest technical setup in years. If XRP/BTC breakout sharply, e go flip long-term resistance to support and show say e dey strong against Bitcoin.
Institutional catalysts dey increase. ProShares launch one 2x leveraged XRP futures ETF for July, plus over six spot XRP ETF applications dey review for SEC with October deadline. If dem approve am, e fit bring new liquidity and demand.
Ripple partner SBI Holdings dey plan to add RLUSD stablecoin join Japan payment system by 2026, wey go boost real-world use and cross-border settlement volume.
If SEC lawsuit settle finally, e go clear regulatory wahala and make XRP more attractive to institutional investors. XRP dey trade near $3.00 and e don perform better than many altcoins dis year. Traders suppose dey watch main resistance, ETF decisions, and adoption metrics for signs of historic breakout.
Bullish
Dis news na good for XRP and di trading pair wey e get against Bitcoin. Di long-time downtrend wey don dey since 2017 don fold into one wedge—pattern wey historically dey come before strong breakouts when di main resistance break. As Bitcoin rally after dem approve ETF earlier dis year, XRP go fit benefit from both leveraged and spot ETF inflows. Di SEC lawsuit resolution don clear one big regulatory wahala wey dey stop institutional allocators before. Meanwhile, Ripple partnership with SBI and di planned RLUSD integration dey give real-world use cases and on-chain demand.
For short term, traders fit expect more volatility around ETF review deadlines and technical resistance tests. If breakout confirm, e go likely trigger momentum buying. For long term, better market structure, clearer regulation, and growing utility dey set di stage for lasting better performance over Bitcoin and other altcoins.