Usman Salis
⬤ XRP/BTC has reached a critical juncture after months of trending lower. The pair is now pushing against a long-standing descending trendline, with bulls attempting to flip momentum. The key question traders are asking: will this be a genuine inside bar breakout, or will it collapse back down as just another false signal? The chart shows price action testing resistance right where it matters most.
⬤ The timing is notable given ongoing regulatory discussions around crypto taxation. Proposals for higher trading taxes and stricter reporting requirements have the industry on edge, with concerns that heavy-handed policies could hurt liquidity, trigger bankruptcies, and push talent overseas. These macro headwinds add uncertainty to whether XRP/BTC can hold any breakout momentum or get knocked back down by broader market pressure.
⬤ Visually, the chart highlights a potential turning point—XRP/BTC is pressing through that downtrend line with a marked zone showing where bulls could take off. The message is clear: the next few sessions will likely decide if this move sticks or fizzles out. No specific price targets were given, keeping the focus squarely on the pattern itself.
⬤ For traders and investors, this setup matters. A confirmed breakout could shift sentiment toward XRP relative to Bitcoin and spark broader altcoin strength. But if it fails, it would reinforce BTC dominance and signal that XRP's recovery efforts still have a long way to go. With regulatory uncertainty looming, XRP/BTC is sitting at a technically pivotal spot that could set the tone for what comes next.
Usman Salis
