XRP's recent performance has been quite strong compared to Bitcoin over the past month. In recent weeks, the XRP/BTC pair has quietly risen above the level of 0.00002100 and challenged long-standing horizontal resistance levels.
In the context of this development, a new technical analysis from cryptocurrency analyst JayDee has sparked controversy on social media, suggesting that XRP may soon experience a strong rise against Bitcoin before suffering a catastrophic 90% decline.
The Final Biblical Move Will Send XRP/BTC Soaring
According to JayDee, XRP is entering the final phase of a multi-year structure against Bitcoin, and a spectacular breakout could be imminent. "$XRP is on the verge of the FINAL MOVE against $BTC in the coming months," he writes. As shown in the monthly candlestick chart of the XRP/BTC pair shared by the analyst on social media platform X, XRP/BTC is currently around resistance after breaking out of a long-term bearish triangle in December 2024.
A thick green frame shown in the chart below indicates that the next move could be a rapid price increase, allowing the XRP/BTC pair to potentially reach highs of up to 0.00007. At the time of writing, XRP/BTC is trading at 0.00002649. Therefore, an increase to 0.00007 would represent a 164% gain from the current level and push this currency pair to trading levels not seen since mid-2019.
The green target area is likely to emerge when the resistance level of 0.00002700 is surpassed with sufficiently high trading volume for XRP. An important factor that could help XRP significantly outperform Bitcoin is if the XRP ETFs are finally deployed in the United States.
Supporting this view is a bullish crossover signal forming on the Stochastic RSI indicator, circled on the chart. The momentum indicator is currently just above the 60 line, another sign indicating that this currency pair may be on the verge of a strong bullish move.
Once this bullish crossover signal is confirmed, the upward momentum will be very strong and follow the trend that many traders expect to see a strong price increase in the short term. However, XRP's superior price performance against Bitcoin comes with a twist; this phase of excitement will not last.
Prediction of a 90% Collapse of XRP/BTC
Analyst JayDee warns that what happens after this final XRP/BTC move could spell disaster for most XRP holders. "Just before the HISTORICAL 90% crash, it will wipe out most investors," he added.
The predictable collapse is illustrated in the chart image above with a large blue arrow pointing down to the pink area between $0.000009 and $0.000007. Structurally, this downtrend will bring XRP/BTC back to test the long-term upward support trend line that has been maintained since 2017.
The XRP/BTC pair could drop 90% if the price of XRP declines sharply below $3 and $2. Conversely, XRP may underperform and pull this ratio down even if the price of XRP does not decline sharply if Bitcoin regains its dominance and begins to set multiple new all-time highs.