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I saw XRP moving within a very tight range against Bitcoin for a long time, and what draws attention is that this triangular pattern is about to break at any moment. The current price is around $1.41, meaning it has dropped significantly from the $3.65 it reached about a year ago.
The problem is that Bitcoin is now dominating the market at 57%, and as long as Bitcoin's dominance remains high, XRP is unlikely to break out of this range. But if Bitcoin's dominance decreases slightly, we might see a strong bullish breakout. The analysis indicates that the size of the triangle pattern could push it to 0.000048 against Bitcoin if a breakout occurs, which is about a 116% gain from current levels.
If Bitcoin stays around $90,000 and a breakout happens, XRP could rise to $4.32, which would be a new record. Honestly, investors who are patient with this pattern are looking for a big opportunity, but we should wait for signs of Bitcoin dominance decreasing before taking action.