XRP is gaining momentum and could potentially overshadow Bitcoin, according to prominent cryptocurrency trader K A L E O. The XRP/BTC ratio is currently showing signs of a squeeze, with XRP’s recent candle on the daily chart surpassing resistance levels. XRP has also outperformed the broader market, with a 7% increase over the past 24 hours. The XRP/BTC pair reached its highest level since March, gaining almost 60% in less than two months. Additionally, XRP’s Bollinger bands are at their tightest, indicating a potential significant price movement. The trader humorously mentioned that XRP is trading as if it’s preparing for its own exchange-traded fund (ETF), although the launch of an XRP ETF by financial firms is unlikely in the near future.
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XRP Might Overshadow Bitcoin with Explosive Squeeze
