Main to remember
The XRP RSI approached 90 and the momentum looks were stretched. The BTC rolls up just below its ATH, and a break could trigger a capital rotation. Is Ripple about to feel the pressure?
A month ago, Ripple (XRP) exchanged almost 40% below its current price, grinding a consolidation of several months under $ 2.50. Quick advance, and this patience finally bears its fruit.
But cracking $ 3 is one thing, and getting above is another. More than half of the recent 40% move took place during last week, and the RSI already pushed almost 90, at the time of the press, marking a level seen for the last time during the compression of the elections.
At the time, XRP overheated and dumped almost 35% to $ 1.90 before this area went to a solid medium, preparing the field for the race at $ 3.35.
So, does that put $ 3 in danger this time?
Too fast, too early?
The XRP / BTC graphic flashes again. In less than two weeks, the ratio increased by 30%, recovering the mail point of Mars and exceeding two key resistances by rising.
The last time we saw this type of relative outperformance was during the electoral rally, when Bitcoin (BTC) was blocked below its $ 100,000 bar.
However, this escape marked a change. BTC pushed almost 10% higher to mark $ 108,230, while XRP experienced a net withdrawal of 35%. If the configuration takes place in the same way, we could approach another rotation point in Bitcoin.
Source: tradingView (BTC / USDT)
For what? BTC rolls up again just below a level of key break. This time under his new summit of all time at $ 122,000, spending a third consecutive day varying between $ 116,000 and $ 120,000.
At the same time, XRP grows in an exaggerated territory, with an overheated momentum and an RSI pressing extreme levels. So, if BTC catches an escape offer, is XRP affected with another decline led by rotation?
XRP faces a key test if BTC bursts
At the time of the press, the escape of XRP increases the pace, now approaching the supply wall of $ 3.15. Meanwhile, the profits made increase, with nearly $ 1.5 billion in willed earnings in the last three days.
But the action of the prices did not start, which testifies to a strong support for auction below. It is not a coincidence. Over the past two weeks, 2.2 billion XRP have flocked to the most dominant holder of the network.
In fact, their collective battery has just exceeded 10.85 billion XRP, a level that we have not seen since 2023.
However, the graph shows that around 1.15 billion XRP were already running, reporting profits.
Source: Santiment
It is not a confirmed high, but the signals warm up. Data on derivatives show almost $ 4 billion in new posts added this week only, pushing the open interest of XRP (OI) to a record of $ 9.24 billion, during writing.
If the XRP / BTC game book is repeated, a deleveraging flower could be the next one. After the election, the BTC rupture drained the liquidity of XRP, destroying approximately 2.5 billion dollars in OI.
This puts the level of $ 3 in danger. It is for the moment, but its own reset would not be surprising before achieving a real chance of recovering the ATH.
