XRP Sets the Stage for a Potential 50% Surge Against Bitcoin

XRP may be on the verge of breaking free from its underwhelming performance in February. Historically, this cryptocurrency has lagged behind Bitcoin during this month, but the XRP/BTC pair is showing one of its most promising upswing setups seen in recent times, with a target of a 50% increase.

Key Takeaways

XRP's recent technical setup points to a potential 50% rally against Bitcoin.
The cryptocurrency recently bounced off the midline of the Bollinger band, suggesting upward momentum.
February has been historically unfavorable for XRP, with only one positive return in the past decade.
A shift in performance could pave the way for an XRP/BTC supercycle, reminiscent of the 2017-2018 boom.

XRP recently tested and rebounded from the midline of the Bollinger band, which corresponds to a 20-month moving average, currently hovering around 0.00001988 BTC. A climb back to the top band, at 0.00003343 BTC, would indicate a 55% gain, a level XRP has not touched since the summer of 2023.

XRP/BTC Chart
XRP/BTC by TradingView

In the last instance when this pair exhibited a similar candle pattern coupled with a volume breakout, XRP/BTC experienced a remarkable 60% surge over a four-week period.

Historically speaking, however, February has not been kind to XRP. In the last decade, XRP only outperformed Bitcoin once during this month, which happened in 2021 when it skyrocketed by 122.1%, while Bitcoin remained relatively stagnant. Overall, every other year has resulted in either losses or subdued performance, with XRP recording a median February return of -8.12%, contrasting with Bitcoin’s median return of +12.2%.

This historical context emphasizes the significance of the current technical setup. Traditionally, February favors BTC, so if XRP can break this longstanding trend, it could incite a narrative shift where investments flow from Bitcoin to more volatile major altcoins like XRP.

Should XRP outperform Bitcoin this February, it won't just be an unusual occurrence; it may also signify the onset of a notable XRP/BTC supercycle, a phenomenon unseen since the crypto market boom of 2017-2018.

As it stands, the setup appears encouraging. History suggests caution, yet the chart indicates potential. If XRP manages to make this leap, it will mark one of the rarest flips in the crypto cycle, potentially starting now.

XRP Sets the Stage for a Potential 50% Surge Against Bitcoin