Why XRP May Need to Fall Against Bitcoin Before It Wins Again: Analyst

XRP rallies against Bitcoin often coincide with returns to a long-standing demand zone, rather than simply following BTC's price direction. XRP may need to drop toward a long-standing historical demand zone against Bitcoin (BTC) before it can start its next major outperformance period. Analyst ChartNerd challenges the common view that XRP simply follows BTC, suggesting investors expecting an immediate recovery could be getting ahead of themselves. XRP’s Historical Outperformance Has Started From One Zone In a clip shared on X, ChartNerd overlaid XRP/BTC on the monthly XRP/USD chart and marked a green demand zone at the bottom of the pair’s range. According to him, the strongest catch-up rallies historically started after the pair returned to that area. The first notable example comes from 2014, between April and July, after XRP/USD established a bottom around June that year before going on to form a higher low, which eventually led into the 2017-2018 rally. There was another setup like that in October 2020 and January 2021. Then, XRP had already established its price low before starting another period of relative strength against BTC, although the primary cryptocurrency eventually ...