According to a detailed technical analysis by market expert Egrag Crypto, the XRP/BTC trading pair has completed a "Super Guppy Compression" pattern, signaling a potential major structural shift. This pattern shows full ribbon compression across both short- and long-term Moving Averages (MA), indicating exhausted selling pressure and an upcoming volatility expansion.
Egrag Crypto's analysis reveals that XRP/BTC is in a transition phase after a multi-year decline. The short-term MAs are turning green, signaling early bullish momentum, while long-term MAs remain red but are flattening, suggesting the downward trend is easing. The market has exited its bearish phase but remains in a base-building stage, forming a bullish rectangular pattern with price repeatedly bouncing off support while facing rejection at resistance.
The analyst has set specific price targets based on this structure. If XRP/BTC crosses the red resistance line at approximately $0.0000338, he predicts an initial surge to a conservative target of $0.000091, followed by a rise to a normal target of $0.00014. Conversely, a structure break could see the pair plunge from $0.0000193 to $0.00000668.
In a separate but related development, XRP has flashed a golden cross against Bitcoin on the monthly chart for the first time since January 2018. This technical event occurs when the 23-month Simple Moving Average (SMA) crosses above the 50-month SMA. The current setup is noted to be almost identical to the one that preceded a 972% rally for XRP against Bitcoin in 2018, when the altcoin surged from 0.000023 to 0.000228 BTC in just three months.
If the historical pattern repeats, XRP could reclaim 0.000228 BTC, translating to a 930% gain from current levels. With Bitcoin trading around $90,000, this would place the price of XRP potentially above $17. Egrag Crypto assigns a 60-70% probability of a bullish breakout for XRP/BTC over the next three to six months, with a 30-40% chance of extended consolidation only if the market structure breaks—a scenario he considers unlikely.
