XRP Defies Market, Outperforms Bitcoin on Key Indicator: Analysis

  • XRP has outperformed Bitcoin and other top assets in the current cycle.
  • Analysts think XRP’s latest trend is a classic consolidation.
  • A crucial indicator highlights XRP as a bullish digital asset with reserve momentum.

Unlike Bitcoin and most altcoins, XRP is showing surprising strength on a key technical indicator.

Crypto analysts have since taken note of this bullish divergence, with some even suggesting XRP to outperform Bitcoin and the rest of the altcoins in the current market cycle.

XRP’s Bullish Divergence: The Kijun Sen Indicator

The key to this bullish outlook is the Kijun Sen, a critical component of the Ichimoku Cloud indicator. As one analyst pointed out on X, while Bitcoin has fallen below its weekly Kijun Sen, signaling potential weakness, XRP remains bullish on its weekly chart against the US dollar.

This analyst sees XRP’s consolidation as a loading bar for the next massive move, an opportunity for investors to accumulate the cryptocurrency at fairer prices before the next major rally. 

Related: XRP Rally Breaks Trendline, Top Trader Sets $5.85 and $8.76 Targets

Another analyst, focussing on the XRP/BTC pair, forecasts another leg up in the current bull cycle, setting a minimum target of 5670 satoshi, matching the quarterly Kijun Sen level. A short-term test of 2264 satoshi is also expected.

Source: X

It doesn’t matter if the rest of the crypto market pulls back; XRP’s outlook remains bullish on the Kijun Sen indicator. This divergence highlights XRP’s resilience over the past few months, with the altcoin maintaining a sideways trend despite the crypto market’s bearish sentiment.

XRP’s Price: Support and Resistance

XRP established notable support around $2, bouncing off that level multiple times since December 2024. The $2 support marks the lower limit of XRP’s sideways range. The cryptocurrency established an upper limit at $3.4, coinciding with its all-time high.

Related: XRP Rally Expected as Ripple vs SEC Case Takes New Turn

XRP was trading for $2.34 as of writing, close to 7.5% weekly rally since bouncing off the $2 support. Crypto analysts consider the sideways trend a classic build-up, potentially boosting XRP’s bullish momentum and forming the tailwind behind the next surge toward a new all-time high.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Related Posts

KuCoin to List PAWS Token, Expanding Solana-Based Trading Options

KuCoin announces the PAWS listing, a Web3 social engagement token. Trading for the PAWS/USDT pair begins on March 18 at 10:00 UTC. Trading bots, including AI-based strategies, will be available…

Attorney Bill Morgan Reveals How US Bank Failures Disrupted XRP Transactions in Ripple’s ODL System

Attorney Bill Morgan reveals how the 2023 banking crisis disrupted Ripple’s On-Demand Liquidity (ODL) system. Ripple partner Tranglo faced severe liquidity issues, forcing a temporary switch from XRP to fiat…

Leave a Reply

Your email address will not be published. Required fields are marked *