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I noticed that XRP has been trapped in a very tight triangle pattern against Bitcoin for over a year, and the movement is currently around 0.00002135 BTC. The price has collapsed from the peak of $3.65 that we saw in 2025, and is now trading around $1.43, but the exciting thing is that the shape of the cone formed indicates a potential breakout is coming.
The story began in November 2024 when XRP exploded from 0.00000700 to 0.00003062 BTC in December, a crazy rise of 337% in less than a month. Afterwards, it entered a long consolidation phase and this very tight triangle pattern formed. The current cone volume is very narrow, meaning we are close to a critical moment.
The real key is Bitcoin dominance. Currently, Bitcoin controls 56.93% of the market, and if this dominance starts to decline, it could be the spark that triggers XRP out of this triangle. Analysts expect that if a bullish breakout occurs, we could see a parabolic rise pushing the pair to 0.000048 BTC, which means gains of about 116% from here.
Interestingly, if Bitcoin continues to rise and the breakout actually happens, we might see XRP approaching new all-time highs. But all of this depends on Bitcoin’s dominance decreasing first. The current situation is like sitting on a barrel of gunpowder, and the market is waiting for the spark.