Analyst Predicts Historical 90% XRP Crash Against Bitcoin, But This Will Happen First – Crypto News – Crypto News
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Analyst Predicts Historical 90% XRP Crash Against Bitcoin, But This Will Happen First – Crypto News

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7 months ago

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XRP’s recent performance has been relatively strong against Bitcoin in the past month. Over the past few weeks, the XRP/BTC pair has been quietly pushing up above the 0.00002100 level and challenging long-standing horizontal resistance levels. 

Amid this movement, a new technical analysis from crypto analyst JayDee has stirred controversy on social media, with the suggestion that XRP may soon go on an explosive rally against Bitcoin before suffering a catastrophic 90% crash.

Final Biblical Move To Send XRP/BTC Surging

According to JayDee, XRP is entering the final phase of its multi-year structure against Bitcoin, and a dramatic breakout could be imminent. “$XRP is on the verge of having its FINAL BIBLICAL MOVE against $BTC in the coming months,” he wrote. As shown in a monthly candlestick timeframe chart of the XRP/BTC pair, which the analyst shared on the social media platform X, XRP/BTC is currently sitting around a resistance zone after escaping a long-term descending triangle back in December 2024.

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A thick green box shown in the chart below suggests that the next move may be a rapid surge, which could see the XRP/BTC pair trade for as high as 0.00007. At the time of writing, XRP/BTC is trading at 0.00002649. Therefore, an increase to 0.00007 will represent a 164% increase from the current levels and put the pair trading at levels not seen since mid-2019.

The green target zone will likely come into play once resistance at 0.00002700 is cleared with enough volume for XRP. A strong factor that could see XRP outperforming Bitcoin by such a massive amount is if Spot XRP ETFs are finally launched in the US.

Source: Jaydee on X

Supporting this view is a bullish crossover forming on the Stochastic RSI, which is circled on the chart. The momentum indicator is currently sitting just above the 60 line, which is another sign that the pair could be on the verge of a sharp move higher. Once this bullish cross is confirmed, the rally would be massive and go along the line of many traders expecting an intense upside in a short period of time. However, the expected price overperformance of XRP against Bitcoin comes with a twist; this euphoric phase won’t last long.

The Predicted 90% XRP/BTC Crash

Analyst JayDee warns that what comes after this final Biblical XRP/BTC move could be devastating for most XRP holders. “Right before HISTORICAL 90% crash that will wipe out most investors,” he added. 

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The predicted crash is shown in the chart image above with a massive blue arrow pointing downward into a pink zone located between $0.000009 and $0.000007. According to the structure, this drop would return XRP/BTC to retest its long-term ascending support trendline, which has held since 2017.

A 90% crash in the XRP/BTC pair could happen if XRP experiences a severe price breakdown below $3 and $2. Alternatively, XRP could underperform and drive the ratio downward even without a sharp XRP price decline if Bitcoin regains dominance and begins setting multiple new all-time highs.

XRP
XRP trading at $2.92 on the 1D chart | Source: XRPUSDT on Tradingview.com

Featured image from Getty Images, chart from Tradingview.com

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