XRP (XRP) Poised for a Potential Historic Breakout Against Bitcoin (BTC), Targeting $4 and $8

XRP appears poised for a potential historic breakout against Bitcoin (BTC), following a recent surge that has seen the altcoin clear the critical 30-day resistance level.

output: XRP might be gearing up for a historic breakout against Bitcoin (BTC) after a recent rally saw the altcoin clear the critical 30-day resistance level. XRP’s performance over the last few months suggests that it may now be poised to rally toward $4, with a longer-term target of $8.

Over the past two months, the price of XRP surged by 271% against the leading cryptocurrency, moving from 0.00000733 BTC to 0.00002678 BTC per XRP. However, this is where the price of the digital asset encountered its first major resistance against Bitcoin.

This is not a new development, as XRP has previously failed to rise above 0.00002678 BTC on several occasions, including in the summer of 2023 and the fall of 2022.

It is not even this exact price point, but the zone with rare wicks appearing after sudden pumps might put XRP as high as 0.00004239 BTC. Anything above it is forbidden territory — at least since the spring of 2019, almost six years ago, when XRP was last valued at at least 0.00007 BTC.

If the latest wave of growth does materialize into something bigger, then we might see XRP setting a new local high or even an all-time high against Bitcoin.

However, disappointment will be rife if, this time, the popular altcoin finds its rest against the leading cryptocurrency there, rendering any projections of it heading higher for the first time in six years invalid.

Interestingly, U.Today first reported estimations of XRP reaching as high as $4.20 in August of last year, when the asset was only beginning to hint at a breakout. This was mentioned as a prime final target if the breakout is confirmed.

Now, we have another confirmation for such a prognosis, but this time from XRP's performance against Bitcoin.