The XRP/BTC trading pair has retested a significant six-year trendline, indicating a potential shift in XRP's performance against Bitcoin. This development follows a mid-October flash crash, during which the pair briefly fell below the long-standing resistance level before recovering. Analyst X Finance Bull (XFB) suggests that XRP's ability to maintain a monthly close above this former resistance, now acting as support, could signal further gains.
XFB has identified two potential price targets for XRP/BTC at 0.00014688 BTC and 0.00023009 BTC. The analyst also points to Ripple's expanding institutional partnerships as a key factor that could drive XRP's outperformance in the market.
XRP/BTC Retests Key Trendline, Analyst Foresees Potential Outperformance
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