XRP Poised for Potential 958% Surge Against Bitcoin Following Rare Bullish Crossover
- XRP/BTC pair shows bullish cross with 55-week EMA breaking above 155-week MA.
- Previous occurrence in 2017 preceded 958% price rally to historic high.
- Analyst projects possible $16-29 price targets depending on Bitcoins performance.
A technical development has emerged for XRP as market analyst EGRAG Crypto identifies a rare bullish crossover on the XRP/BTC weekly chart, potentially signaling an explosive price movement ahead.
This bullish signal comes as XRP shows signs of renewed momentum, reclaiming the $2 mark with a 12.38% gain over the past 24 hours despite dropping 2.89% over the previous seven days amid broader market volatility.
The technical indicator in question involves the 55-week Exponential Moving Average (EMA) crossing above the 155-week Simple Moving Average (MA) on the XRP/BTC pair. This rare crossover occurred on February 17, 2025, marking only the second time in XRPs trading history that such a pattern has formed on this timeframe.
The historical significance of this pattern cannot be overstated. The last time this crossover materialized was on May 15, 2017, which preceded a staggering 958.97% surge in the XRP/BTC ratio. During that period, the pair climbed from deep lows to a peak of 0.00022104 BTC per XRP, coinciding with XRPs rise to its all-time high of $3.8 in January 2018.
XRP shows similarity to 2017
According to EGRAG Crypto, the current market structure bears striking similarities to the 2017 setup, suggesting that a similar explosive run could materialize in the coming months.
Following the February 2025 crossover, XRP/BTC attempted to retest the 55 EMA but failed to make contact before bouncing. The analyst suggests that if a proper retest occurs now, the pair could drop from its current level of 0.00002424 to approximately 0.00001850.
With Bitcoin trading around $80,000 in such a scenario, this would temporarily push XRP down to about $1.48 before potentially launching a significant rally. Assuming XRP/BTC repeats its previous performance with a 958% rally from the retest level, EGRAG projects the ratio could climb to roughly 0.000171 BTC per XRP.
The price implications for XRP in fiat terms would depend heavily on Bitcoins performance during this period. If Bitcoin trades near the Fibonacci 0.702 level at approximately $97,000 when the XRP/BTC ratio reaches 0.000171, XRP could achieve a price of around $16.5. However, more ambitious Bitcoin price targets would correspondingly lift XRP to even higher levels.
For instance, should Bitcoin reach $130,000, XRP would trade around $22 at the projected XRP/BTC ratio. A Bitcoin price of $150,000 would push XRP to approximately $25, while a Bitcoin surge to $170,000 could see XRP reach an impressive $29. These projections assume both that the XRP/BTC ratio maintains momentum from its February bullish crossover and that Bitcoin continues its long-term uptrend.
Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
