PK Press Club – looks set for a potential historic breakout against (BTC), following a recent surge that saw the altcoin breach the critical 30-day resistance level. XRP’s performance over the past few months suggests that it may now be able to rebound towards $4, with a long-term target of $8.
Over the past two months, the price of XRP has risen 271% against the leading cryptocurrency, from 0.00000733 BTC to 0.00002678 BTC per However, this is where the price of the digital asset encountered the first major resistance against Bitcoin.
This is not new, as XRP has failed to surpass 0.00002678 BTC on several occasions, for example in summer 2023 or fall 2022.
It’s not even that exact price, but the area with rare wicks appearing after sudden pumps can push XRP up to 0.00004239 BTC. Anything above that is no-go territory – at least since spring 2019, almost six years ago, when XRP was last valued at at least 0.00007 BTC.
If the latest wave of growth materializes into something bigger, then we could see XRP set a new local high, or even an all-time high against Bitcoin.
However, the disappointment will be enormous if, this time, the popular altcoin finds its rest against the main cryptocurrency of this country, which would make any projection aiming for a higher target once every six years invalid.
Interestingly, estimates of XRP reaching $4.20 were first reported by PK Press Club last August, when the asset was just beginning to hint at a breakout. This has been designated as the main final target if the breakout is validated.
We now get another confirmation of such a prognosis, but this time thanks to the performance of XRP compared to Bitcoin.
