When Bitcoin slows down, altcoins often steal the spotlight – and XRP appears to be seizing the moment.
But is a 27% rally a stretch – or is XRP about to prove the skeptics wrong?
Ripple [XRP] has dropped 27% from its $3.40 peak in less than a month, yet the RSI didn’t flash an ‘extreme’ overbought level. Clearly, big gains were realized in the process, forcing weak hands to exit as the market turned volatile, creating a demand-supply imbalance.
Now, XRP outflows have surged to 123 million as the price plunged to $2.30, down 26% in a week. Is this the start of a new cycle – or just another bull trap?
A window of opportunity
Typically, when Bitcoin consolidates, investors often turn to altcoins for risk management or quick gains. The XRP/BTC pair seems to follow this trend. Over the past three days, it has turned green, rebounding from the same support level that once sent XRP soaring to $3.40.
At press time, XRP was outpacing Bitcoin with 3x the returns, triggering over $4 million in short liquidations, while Open Interest (OI) was up 1.4%. Perpetual traders were regaining dominance, and buy orders were piling up.
With capital flowing from Bitcoin, retail interest surging, and Futures traders piling in, a push toward $3.40 – doubling from its current value – doesn’t seem far-fetched. But with $2.50 acting as a strong historical resistance and market volatility still in play, is a 27% rally too ambitious, or is XRP ready to defy the odds?
XRP’s fundamentals under scrutiny
The crypto market cap was up 1.57% at press time, signaling fresh capital inflows, yet high-cap assets remained far from their previous peaks. Most were struggling to reclaim key psychological levels, waiting for a bullish spark to reignite momentum.
But with macro trends fueling fear, the “high risk, high reward” appeal of large-cap cryptos appeared to be fading – and XRP is feeling the pressure. HODLing looked less attractive as investors chased quick gains.
In this climate, short-term “hype” was driving the market, while whales continued selling – making a long-term rally less likely. But with the XRP/BTC pair bouncing back, a consolidation below $2.50 seems more likely in the near term.
Unless whales flip to accumulation or the broader market roars back, a 27% surge is off the table – for now. However, with a tug-of-war unfolding, XRP could be gearing up for its next major breakout, making HODLing a bet that just might pay off. Are you tired of feeling overwhelmed by the constant demands of everyday life? Do you find yourself constantly running from one task to the next, with no time to relax and recharge? If so, you may be suffering from burnout.
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