Usman Salis
⬤ XRP/BTC may be reaching an important turning point. The weekly chart shows XRP pressing against a descending resistance line while printing a fresh bullish crossover on the RSI—a setup that's previously led to notable upside moves. If XRP can confirm this signal with another weekly close above resistance, it could start outperforming Bitcoin after an extended downtrend.
⬤ Beyond the charts, broader regulatory uncertainty continues to weigh on the crypto market. Ongoing tax policy discussions—including tighter capital-gains treatment and reduced incentives for high-frequency trading—are raising concerns across the industry. Analysts worry that overly strict frameworks could push smaller trading firms toward bankruptcy and drive talent to more crypto-friendly jurisdictions. While not directly related to XRP/BTC's technicals, these policy headwinds shape the environment all crypto assets are trading in.
⬤ Looking at the chart's history, previous bullish RSI crosses preceded strong XRP/BTC rallies. Today's setup looks similar, but the key is confirmation. The market needs a decisive weekly close above resistance before any outperformance story becomes actionable. Until then, it's just a setup—not a signal.
⬤ With the weekly structure approaching a potential validation point, traders are watching closely to see if XRP can finally challenge Bitcoin's dominance. But it all comes down to whether the chart delivers confirmation in the coming weeks.
Usman Salis
