XRP News Today: XRP's Price Pattern Mimics Bitcoin's $100,000 Surge, Experts Eye Breakout

Crypto proponent Amelie (@_Crypto_Barbie) recently highlighted a significant pattern in XRP's price trajectory, drawing parallels to Bitcoin's historic surge towards $100,000. According to Amelie, XRP is currently mirroring a bullish pattern that Bitcoin exhibited before its monumental price increase. This observation has sparked renewed interest and speculation within the crypto community about XRP's potential for a similar breakout.

The detailed weekly chart shared by Amelie reveals a clear price-to-MACD divergence. Despite XRP's price remaining relatively stable above the $2 mark for several months, the MACD indicator has maintained a bearish stance since early March. This divergence is historically considered a potential reversal signal, suggesting that the bearish momentum may be weakening even as the price consolidates.

Experts are increasingly convinced that an XRP breakout is imminent. The technical setup, characterized by lower highs while holding above the $2 support level, forms a classic consolidation pattern. This pattern is reminiscent of Bitcoin's price action before its surge to $100,000, implying that XRP might be on the verge of a similar move. The MACD histogram turning bearish in March and remaining red indicates negative momentum, but the price's refusal to break down further is a significant indicator of underlying strength.

The XRP community is closely monitoring this setup, with many technical traders anticipating a potential breakout. XRP's ability to hold above $2 despite the bearish MACD and negative developments in Ripple's legal battle with the SEC is seen as a sign of resilience. The chart shows that sellers have been unable to push the price below this key level for several weeks, suggesting that buyers are quietly absorbing supply.

Currently, XRP is trading at $2.18, and increasing whale activity indicates that traders are watching for a positive signal. A shift in the MACD or a breakout above the descending trendline could validate Amelie's comparison to Bitcoin's historic surge. The price-MACD divergence is a pattern that has often preceded major crypto moves, and XRP's current position above $2 despite persistent bearish MACD signals is notable.