|
Getting your Trinity Audio player ready...
|
The broader crypto market has spent the past two months navigating sideways movement, with Bitcoin (BTC) battling bears near the $80,000 mark and XRP striving to maintain its position above $2. However, recent developments hint at a potential shift in momentum, especially for XRP.
While crypto struggled, gold — the traditional macroeconomic hedge — soared to unprecedented heights. Since October 2023, the precious metal climbed an impressive 89%, peaking at an all-time high of $3,500 by April 2025. In contrast, Bitcoin and altcoins underperformed, weighed down by global trade tensions and broader economic uncertainty.
However, gold’s momentum appears to be fading. The metal has dipped 5% from its peak, now trading at around $3,300. Interestingly, this pullback has coincided with a renewed surge in crypto prices. Bitcoin has reclaimed $95,000 following an 11% rally this week, sparking speculation that another major bull run could be underway.
Historical patterns support this optimism. During the 2018–2020 cycle, gold’s uptrend ended with a correction, which preceded a massive crypto rally. Notably, XRP soared over 1,000%, from $0.1751 to $1.96, despite the SEC lawsuit clouding its outlook at the time.
Indicators today mirror that past cycle. Gold’s Relative Strength Index (RSI) has climbed from 50 to 85, signaling potential exhaustion. Similarly, the crypto market’s recovery appears to be gathering strength, positioning XRP for a significant breakout.
Also Read: Bitcoin (BTC) Price Nears $100K as “Safe” Tech Stocks Cost Fund $40B
Currently trading around $2.18, XRP remains relatively subdued compared to Bitcoin’s explosive move. Yet analysts are bullish. Crypto veteran Davinci Jeremie, despite his past criticisms, predicts XRP could reach $24 this year. Analyst EGRAG even forecasts a rally toward $27, especially if XRP mirrors its historic 1,000% surge.
With the SEC lawsuit potentially nearing resolution, and capital rotating out of gold into risk assets, XRP could finally be ready for liftoff. If history repeats itself, XRP holders may soon witness another historic rally.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
