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XRP(CRYPTO: XRP) could target $1.85 las it flashes early signs of a bullish shift, according to a widely-followed cryptocurrency trader.
Is XRP Turning Bullish?
Cryptoinsightuk highlighted on Wednesday that XRP’s lower-time-frame structure is showing early signs of improvement after a prolonged pattern of lower highs and lower lows.
It recently broke above $1.39 and several previous lower highs, potentially marking a shift in market structure.
However, the trader currently considers XRP’s trend neutral rather than bullish.
A break above $1.48 could confirm a bullish shift, with $1.58 as the first target. If momentum continues, XRP could move toward the $1.70-$1.85 liquidity zone.
The trader also highlighted improving macro liquidity backdrop, pointing to Treasury Secretary Scott Bessent’s discussion around potentially increasing bond purchases.
This could act as a potential tailwind for XRP and the broader crypto market.
Can XRP flip <a href="https://xpertsstudio.com/<a href="https://xpertsstudio.com/bitcoin-price-holds-while-ethereum-xrp-crash-5/” title=”Bitcoin Price Holds While Ethereum, XRP Crash 5%”>bitcoin-xrp-solana-dogecoin-remain-rangebound-why-has-the-rally-stalled/” title=”Bitcoin, XRP, Solana, Dogecoin Remain Rangebound: Why Has the Rally Stalled?”>Bitcoin?
Speaking on an X Space on Sept. 9, David Schwartz, Ripple’s former CTO, was asked whether XRP could realistically “flip” Bitcoin.
“Yes, I do,” Schwartz said, adding that such a move would not come from Bitcoin(CRYPTO: BTC) shrinking but from XRP growing faster.
Schwartz argued that crypto markets can support multiple expanding assets, with relatively few disappearing entirely.
He sees the XRP Ledger’s functionality and speed as potential advantages that could help XRP gain ground over time.
Schwartz also pointed to demand for features that Bitcoin does not support as another potential driver of XRP Ledger adoption.
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