XRP's 'North Star' Prepares to Shine Against Stalled Bitcoin
XRP's price has been declining against the US dollar, hovering around $1.00, but its technical charts suggest it may be preparing for a strong move against Bitcoin.
The Bollinger Bands indicator on TradingView shows that XRP's price is sliding along the lower boundary of its range, and if it fails to hold at $1.00, it could lead to further decline towards $0.65-$0.85.
However, when compared directly with Bitcoin through the XRP/BTC pair, the charts signal that sellers are exhausted, and XRP has reached a historic bottom of 0.00001480 BTC on its monthly chart within Bollinger Bands.
Pure mathematics suggests that Bitcoin could lose market capitalization faster than XRP due to its size, and since XRP has nowhere left to fall, it may begin to reverse upward against Bitcoin.