XRP Price News: XRP/BTC Monthly Cloud Chart Sends Bullish Signal for the First Time Since 2018

XRP has recently come under pressure in the spot market, once falling below the key support level of $2.32, with a low of $2.21. However, trading volume significantly increased at the lows, indicating a clear “capitulation-style” sell-off. Subsequently, buying interest quickly entered the market, stabilizing and pushing the price higher. In the short term, the market’s focus is on whether XRP can regain the $2.31–2.32 range, thereby alleviating the current downward pressure.

From the price action perspective, there was strong demand absorption around $2.21. On that day, trading volume rose to 256.3 million coins, more than 140% above the average, but the price did not continue to break lower, indicating effective absorption of selling pressure. The rebound was repeatedly blocked at $2.31, which has now become the primary resistance level. Before reclaiming this zone, the short-term trend remains weak, but the 60-minute chart shows that the $2.258–2.260 area has formed a short-term defense zone, with lows gradually rising, suggesting the market is attempting to build a phase bottom.

What is more noteworthy is the change in relative strength. Analyst The Great Mattsby pointed out that the XRP/BTC monthly chart is approaching the upper edge of the Ichimoku cloud, which could be the first effective breakout signal since 2018. Historically, a monthly cloud breakout often indicates that the asset may outperform Bitcoin in the medium to long term, rather than just a short-term rebound. This signal is especially significant in the context of the “cross-asset rotation” at the beginning of the year.

It should be emphasized that the bullish structure of XRP/BTC more reflects an improvement in relative strength rather than an immediate reversal of spot prices. However, if this breakout is confirmed, XRP will be more likely to attract active buying support during a pullback phase, especially in a market environment where risk appetite is rising.

Overall, $2.21 is the current dividing line between bulls and bears. A breakdown below this level could trigger a new round of liquidations; meanwhile, the $2.31–2.32 range above is a key window for trend reversal. If spot prices align with a long-term technical breakout in XRP/BTC, the narrative of XRP outperforming Bitcoin in the medium term may once again come into focus.