While the cryptocurrency markets are going through turbulent days after the harsh sales wave of billions of dollars, investors’ attention has largely turned to leading assets such as Bitcoin and Ethereum. However, among this busy agenda, there is an important detail that many people overlook: XRP manages to maintain its technical strength against Bitcoin. The price movements seen especially in the XRP/BTC parity indicate that the long-term upward scenario of the altcoin is still not completely broken.
Critical Technical Threshold Maintained in XRP/BTC Parity
According to TradingView data, the XRP/BTC pair remains above the middle Bollinger Band on the monthly chart. This level is considered a critical threshold that separates bullish and bearish trends in past market cycles. The fact that XRP remains above this band shows that it is still technically in the “bull market” zone against Bitcoin.
This situation becomes even more remarkable despite the sharp declines experienced by XRP in dollar parity. As a matter of fact, the XRP/USD parity recently suffered losses of up to 26 percent in a single day. On the other hand, the price recovery on the XRP/BTC side reveals that investor perception has not completely deteriorated. The strong reaction from the 0.000018 BTC area on the monthly chart coincides with the area that has historically corresponded to the 2019 and 2023 bottoms.
On the weekly chart, it is noteworthy that XRP is holding just above the lower Bollinger Band and has shown a sharp increase of 11 percent in the last 24 hours. The strong engulfing candle formation on the daily chart confirms that last week’s decline has been technically reversed.
Target Levels and Supporting Developments from Outside the Market
From a technical perspective, the next logical target for the XRP/BTC pair is the 0.00003293 BTC level, which is the upper Bollinger Band on the monthly chart. This indicates an upside potential of approximately 51 percent from current levels. If the monthly close does not come below the middle band, XRP may continue to be one of the rare assets that maintains its uptrend against Bitcoin among the top 10 altcoins.
In addition to this technical picture, another development from the Ripple front supports the perception of XRP. Ripple’s recent announcement of new payment partnerships in the Asia-Pacific region and taking steps to increase the use of XRP in cross-border transfers were among the factors that strengthened the long-term fundamental story. In addition, signals of softening of crypto regulations in the USA create an indirect positive effect, especially for XRP, which has largely left the litigation process behind.
XRP manages to stay above the critical technical level against Bitcoin.
Technical indicators point to over fifty percent potential for XRP/BTC.
Fundamental developments and the recovering chart structure support investor perception.
