XRP / Bitcoin

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XRPUSD About a week ago, I pointed out that XRPBTC looked like it was setting up for a double bottom, even though XRP/USD didn’t show the same pattern. It looks like that’s exactly what’s playing out now.

XRPUSD the only double bottom I see possible is the XRPBTC pair. Not probable for the USD pair currently. Good morning, and Happy Easter to those who celebrate. 🙌


BTCUSDT XRPUSDT XRPUSD BTCUSD XRPBTC

🚨 BREAKING: The SEC and Ripple have agreed to drop their remaining appeals, with Ripple recovering 75M from escrow and the SEC keeping 50M. This marks a likely final resolution to the long-running case.

XRPBTC this next boom on this chart is going to the moon. You are lucky if you see this and act on it accordingly. Peace.
Snapshot


BTCUSDT U.S. SEC vs. Ripple case is nearing its conclusion, with delays caused by Ripple’s legal team negotiating more favorable terms regarding the August 2024 ruling. Ripple argues that if the new SEC leadership is rolling back enforcement actions against crypto firms, its penalty is unjustified. Accepting the ruling would imply admitting wrongdoing, while the SEC itself has yet to take a definitive stance

XRPUSD XRPBTC SPX $btcxrp


If BTCUSD corrects further, the 34-week EMA at $83,280 will likely be the bottom, though it may temporarily dip below support as usual.

The key level to hold is the 21-week moving average, and we need to break and stay above $89,600 to invalidate the $83,280 bottom. Notably, XRPBTC is holding strong and hasn’t capitulated as much as the XRPUSD pair, suggesting that once Bitcoin bounces parabolically, XRP will take off making higher highs.

Based on my previous analysis, a correction on Friday seems more likely. Unfortunately, the math doesn’t lie. While I’ve been accurate so far, I’d love for the market to prove me wrong; I want the bleeding to stop!

Be sure to check the BLX chart, as it has the most historical data for Bitcoin. Just keep in mind there’s a several-hour delay, so don’t expect to see real-time price action.