<ul><li>JD highlights XRP/BTC nearing a critical trendline, suggesting potential for major market shifts, as noted in a recent X post.</li><li>Current indicators and RSI metrics hint at XRP&#39;s undervaluation against BTC, sparking discussions on a possible bullish turn.</li><li>Egrag Crypto proposes a unique view: if BTC rises, a temporary XRP dip could mark the start of a significant XRP bull run in 2024.</li></ul>In cryptocurrency, the spotlight is on the Ripple (XRP) to <a href="https://cryptotale.org/bitcoin-and-ethereum-surge-defying-traditional-markets-analysis/" rel="noopener noreferrer nofollow">Bitcoin</a> (BTC) conversion rate as it nears a significant juncture. Highlighted by JD in a recent X post, the XRP/BTC ratio confronts a pivotal descending trendline, a line that has previously sparked major upward movements. Given its track record of substantial increases, the focus is now on whether this trend will continue.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/aabdb31db3024c808b170363ec9bb987.png" />Significantly, as per JD’s chart analysis, there is a trendline that has defined the XRP/BTC ratio&#39;s long-term trajectory, showing resistance levels at peak movements. Moreover, historical patterns from 2017 and 2021 spotlight the resilience and potential of XRP against BTC during bull cycles. The chart reflects these dynamics vividly, painting a vivid picture of past and potential future movements.<a href="https://cryptotale.org/will-xrps-test-of-the-descending-trendline-mark-a-new-era-in-crypto/" rel="noopener noreferrer nofollow">Read full article at CryptoTale.</a>

Will XRP's Test of the Descending Trendline Mark a New Era in Crypto?

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