Assessing why XRP’s run to its ATH faces a MAJOR risk!
2025-07-17 13:13:04
Main Idea
XRP's rapid price surge faces potential risks due to overbought conditions and a possible rotation of funds into Bitcoin if BTC breaks out, which could lead to a pullback in XRP's price.
Key Points
1. XRP's price has surged nearly 40% in a month, with over half of the gains occurring in the past week, but its RSI is nearing overbought levels, indicating potential overheating.
2. The XRP/BTC ratio has risen 30% in under two weeks, reclaiming key resistances, but a similar past scenario saw XRP drop 35% when BTC broke out.
3. BTC is currently coiling below a key breakout level, and if it breaks out, funds may rotate from XRP back into BTC, risking a pullback for XRP.
4. XRP is approaching a supply wall at $3.15, with $1.5 billion in realized profits locked in over three days, but strong bid support is currently sustaining the price.
5. Derivatives data shows a record $9.24 billion in Open Interest for XRP, raising the risk of a deleveraging flush if the XRP/BTC playbook repeats.
Description
XRP hits $3. But can it survive a BTC rotation?
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