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XRP is showing real signs of strength against Bitcoin, with a technical shift on the daily chart hinting at a potential breakout. For the first time in a few days, the XRP/BTC pair has moved back above the middle Bollinger Band — a level a lot of traders use as a rough dividing line between bearish and bullish conditions.
Right now, XRP is trading at 0.00002091 BTC, which is just above the middle band at 0.00002082 BTC. It might seem like a small move, but getting back in control of the midline can totally change how traders read the chart.
If the price holds and starts moving toward the upper band which, in this case, is at 0.00002142 BTC, it could signal the start of an upward trend. Meanwhile, the lower band is at 0.00002023 BTC.
In the last 48 hours, XRP has gone up by around 1.7% against Bitcoin. It is not a huge move in itself, but what is really interesting is the shift in momentum: XRP is starting to bounce back from recent lows and stabilizing within its usual volatility range.
For context, XRP's all-time high against Bitcoin is still a long way off at 0.00024 BTC — that was the level it was at during the 2017 cycle. So while this current move does not put that historical peak anywhere near reach, it does mark a subtle but notable change in short-term dynamics.
At the moment, Bitcoin is trading at $104,743, while XRP is priced at $2.19. The crypto market is on hold for now, but XRP's relative performance against BTC could be interesting for traders looking to switch between major currencies as the market changes.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team