Pepe

Millions

The Graph

<p>XRP has declined recently against its major trading pair, Bitcoin, frustrating some holders. However, crypto analyst EGRAG Crypto <a href="https://twitter.com/egragcrypto/status/1762368634893087118" target="_blank" rel="noopener noreferrer nofollow">argues</a> that this direction actually sets the stage for XRP’s next bull market against BTC.</p>
<h2 class="wp-block-heading" id="bitcoin-absorbs-market-liquidity-for-now">Bitcoin Absorbs Market Liquidity For Now</h2>
<p>As EGRAG Crypto explains, Bitcoin’s massive $6,000 price surge absorbed a significant amount of capital from the crypto markets – temporarily starving smaller alternative assets like XRP from seeing similar dollar gains. This caused the XRP/BTC ratio to pull back.</p>
<p><strong>“As anticipated, XRP continues to decline against #BTC following the $6000 surge in BTC, which absorbed much of the liquidity,” </strong>the analyst tweeted. This phenomenon frequently unfolds during the earlier stages of renewed Bitcoin uptrends.</p>
<p>While disappointing short-term, EGRAG suggests this cleanse sets the foundation to rotate profits back into lagging altcoins later – thus kicking off their bull runs.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="436" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-997-1024x436.png" alt="" class="wp-image-444321" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/image-997-1024x436.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-997-300x128.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-997-766x326.png 766w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-997-1536x653.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-997-2048x871.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-997-353x150.png 353w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-997-100x43.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-997-823x350.png 823w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-997-788x335.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-997.png 1281w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<h2 class="wp-block-heading" id="historically-bullish-signs-emerge">Historically Bullish Signs Emerge</h2>
<p>Critically, EGRAG spots telltale signals that XRP sits at the early stages of a new advance against Bitcoin based on previous market cycles.</p>
<p><strong>“Possible target: 0.00000793. While this may be frustrating for some, it is actually beneficial for #XRP from a structural perspective. Historically, touching the baseline has signaled the official start of an XRP/BTC bull run.”</strong></p>
<p>Thus, counterintuitively, XRP bouncing off familiar lows represents a hidden bullish development, provided the asset holds this critical support. Upside follow through then becomes likely.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Transform Hundreds Into Millions With the Magic of Memecoins – think $BONK, but bigger! <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;">
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p>The key? Getting in early, especially during the IDO phase. <strong><a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow">Get in on NuggetRush</a></strong> now! This innovative memecoin blends play-to-earn gaming with real-world gold mining. Join soon to take advantage of the<strong><a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow"> current ICO prices</a></strong>!</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<h2 class="wp-block-heading" id="huge-price-targets-materialize-if-history-repeats">Huge Price Targets Materialize if History Repeats</h2>
<p>Gazing further ahead, EGRAG isolates three historical XRP bull runs against Bitcoin, then transposes those into potential dollar profits based on different assumed BTC prices. The results illustrate the massive upside if symmetry unfolds again:</p>
<p><strong>“Cycle 1 Target: 0.000115 BTC $70K BTC = $8.05 XRP $100K BTC = $11.50 XRP </strong><br><strong>Cycle 2 Target: 0.0003 BTC $70K BTC = $21 XRP $100K BTC = $30 XRP”</strong></p>
<p>While past performance never guarantees future results, EGRAG’s analysis presents an intriguing roadmap for the next XRP bull run to potentially materialize if Bitcoin’s uptrend persists. By enduring short term pain, huge gains loom, according to historical patterns.</p>
<p>You may also be interested in:</p>
<ul>
 <li><a href="https://captainaltcoin.com/why-is-the-crypto-market-up-today-9/" target="_blank" rel="noopener noreferrer nofollow">Why is the Crypto Market Up Today?</a></li>
 <li><a href="https://captainaltcoin.com/can-pepe-token-reach-a-new-all-time-high-analyst-says-pepe-will-outperform-all-other-meme-coins-here-is-why/" target="_blank" rel="noopener noreferrer nofollow">Can Pepe Token Reach a New All-time High? – Analyst Says $PEPE Will “Outperform” All Other Meme Coins – Here is Why</a></li>
 <li><a href="https://captainaltcoin.com/bonks-recent-surge-signals-more-highs-the-graph-and-rising-ai-altcoin-gain-investor-trust/" target="_blank" rel="noopener noreferrer nofollow">Bonk’s Recent Surge Signals More Highs; The Graph and Rising AI Altcoin Gain Investor Trust</a></li>
</ul>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/Copy-of-P2P-Review-17-qi3pqhl3pi3mlojv8nq0upz5rcb68rblc7kuvhcaou.png" width="500" alt="Check NuggetRush ($NUGX)" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-nuggetrush-nugx-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check NuggetRush ($NUGX)</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy NUGX Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Being in its <strong>ICO stage</strong>, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>A unique <strong>play-to-earn</strong> gaming platform in the memecoin market <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>The platform combines artisanal and <strong>gold mining</strong> with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Fosters a strong <strong>community </strong>by encouraging physical meetups among members <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i><strong>NFT</strong> Integration with Prominent Characters
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/xrp-declines-against-btc-analyst-explains-why-it-is-beneficial-for-ripple/" rel="noopener noreferrer nofollow">XRP Declines Against BTC: Analyst Explains Why It Is Beneficial For Ripple</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

XRP Declines Against BTC: Analyst Explains Why It Is Beneficial For Ripple

목차

CaptainAltcoin

2024년 2월 27일에 게재된 다른 기사

Pepe Coin Price Prediction: Is PEPE Coin Ready to Soar

$ETH Bulls Take Control as Price Smashes $3K; $GFOX Rallies Ahead of Retail Launch

Republican senators say CBDCs ‘will infringe on your freedom’ – Why?

Tech Titan’s Involvement to Fuel BlockDAG’s Success Amidst Hype Around BTC Halving and ETH ETF Ap...

How To Make Money Quickly With Crypto – Established Players Pepe Coin & Floki Inu Or Crypto Presa...

A Closer Look at XRP's Recent Bullish Trend: Analyst Insights

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!