However, that move did not happen because Bitcoin’s price was crashing but because XRP was rallying. As XRP gained strength against Bitcoin, XRP/USD followed with an even larger breakout of over 50% within the following week.
The chart accompanying Austin’s post shows a highlighted eight-day move where XRP gained approximately 52.9%, rising from around the low $2 range to above $3.60. Trading volume rose massively during that period, and this ultimately pushed XRP to a new all-time high of $3.65.
As it stands, the XRP/BTC pair is now trading around this same level, with the most recent daily candlestick printing green, which means that XRP is outperforming Bitcoin. History shows that when XRP begins to outperform Bitcoin decisively, it often leads to a broader price expansion. Austin noted that breaking through this level again could be a significant sign of a big move to come.
Current Structure And What Comes NextA stronger continuation could open the path toward retesting deeper overhead supply levels. If the structure were to repeat the prior breakout, where XRP rallied by 52% in a short window, price projections would place the asset near the $2.30 region from current levels.
