XRP Surge to New ATHs if Weekly Close Green

A prominent crypto strategist has shared insights on the potential for XRP to reach new all-time highs and the outlook for Bitcoin. The pseudonymous analyst, known for their timely calls on BTC and altcoins, believes that XRP could surge past $3.40 if it manages to close the weekly chart in the green, above $2.59.

In a recent post on a social media platform, the analyst stated, "Close this weekly green and I’ll expect new ATHs (all-time highs) in no time. Red and I’d expect some more ranging in the indicated range. I like ATHs better than ranging so pump it into the weekend please." At the time of writing, XRP was trading at $2.36, up 1.5% in the last 24 hours.

The analyst also discussed the potential for the BTC/gold ratio to increase as gold prices surge. This could suggest that investors may view Bitcoin as a digital store of value, similar to gold. The BTC/gold ratio is currently at 33, representing the value of Bitcoin relative to the price of gold.

The strategist noted that Bitcoin is holding key levels of support despite negative market sentiment. They commented, "Could look much worse for the amount of negativity we have here on [social media platform X]." At the time of writing, Bitcoin was trading at $95,977, unchanged on the day.

Lastly, the analyst suggested that Bitcoin could hit new all-time highs if it can flip $101,303 into support on the daily chart. This would indicate a strong bullish signal for the cryptocurrency.