Since the victory of Donald Trump in the U.S. Presidential election in November, the value of XRP (XRP) has significantly increased by more than 350% compared to that of Bitcoin (BTC).
In simple terms, the relationship between XRP and Bitcoin appears remarkably like the bull market of 2017, which could indicate a powerful surge for both cryptocurrencies in the upcoming months if history repeats itself in this pattern.
Furthermore, technical indicators and developing fundamental factors suggest a potential doubling of the pair’s value by March might be on the horizon.
XRP price up 32% vs Bitcoin in January
In January 2025, the value of XRP relative to BTC has increased by nearly 32%, surging past important resistance thresholds and reaching the overbought territory, as indicated by the Relative Strength Index (RSI). Notably, the last time such high RSI levels were observed for XRP/BTC was in early 2017, just before a massive 2,500% surge.
When the Relative Strength Index (RSI) exceeds 70, it often signals an upcoming phase of market stabilization or adjustment. Yet, if the market has robust underlying factors, price growth might continue despite this trend.
In 2017, the Relative Strength Index (RSI) surpassed the overbought level of 70, yet this didn’t promptly cause a stabilization or reversal. Instead, the excitement surrounding the initial coin offering (ICO) surge kept XRP ascending by a remarkable 2,500% compared to Bitcoin.
XRP’s fundamentals in 2025 could repeat 2017
In 2025, fundamentals are slightly different but remain in favor of XRP.
The outcome of the SEC versus Ripple legal battle during the Trump administration might set a precedent that allows for the authorization and introduction of XRP exchange-traded funds (ETFs) in the United States.
1) According to analysts at JPMorgan, these ETFs are projected to attract between $4 billion and $8 billion in investments. At the same time, Ripple has unveiled RLUSD – a stablecoin designed to boost liquidity within the XRPL system and increase the usefulness of XRP.
A robust foundation may allow XRP/BTC to carry on surging in the forthcoming weeks, despite potentially reaching an “overbought” state.
XRP price technicals hint at 100% gains
Under a positive outlook, it’s expected that the price could reach a potential peak at approximately 6,471 satoshis (equivalent to 0.00000001 BTC), which corresponds to its 0.236 Fibonacci retracement level. This represents a 100% increase from current prices when measured directly.
The price trend of XRP relative to BTC has burst beyond its longstanding, 8-year symmetrical triangle formation, pointing towards a positive forecast supported by its 2017 pattern resemblance and underpinning factors.
Instead of surpassing its current resistance zone (marked by the red-shaded region between 1,950 and 3,550 satoshis on the graph), XRP’s failure to do so might undermine the optimistic outlook mentioned earlier.
Read More
- TNSR PREDICTION. TNSR cryptocurrency
- TRB PREDICTION. TRB cryptocurrency
- RLC PREDICTION. RLC cryptocurrency
- POL PREDICTION. POL cryptocurrency
- OKB PREDICTION. OKB cryptocurrency
- CTXC PREDICTION. CTXC cryptocurrency
- SEI PREDICTION. SEI cryptocurrency
- HOOK PREDICTION. HOOK cryptocurrency
- GBP EUR PREDICTION
- SXP PREDICTION. SXP cryptocurrency
2025-01-17 14:59