Analyst Outlines The Bull Case For XRP And Why Price Will Hit All-Time High Soon
XRP is now back to trading just above the $2 level after an early January rally The important context is why the current moment is a decision point. At the time of writing, the DXY is sitting around 99, and from here it can either turn lower and start printing red candles again or catch a bid and print green. If DXY starts printing red candles again and rolls over, the pattern Bird is pointing to suggests the macro backdrop becomes supportive for another strong XRP leg higher, which is why a new all-time high above $3.65 could come into view within the next few months. Related Reading
If DXY prints green and strengthens, that would be the opposite signal: it can tighten liquidity conditions and keep XRP’s price action capped in consolidation around $2 before any breakout attempt. Either way, the dollar’s next move will signal what comes next.
Featured image from Unsplash, chart from TradingView
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