Here’s Why XRP Could Hit $29 if Bitcoin Claims $170K Following XRP/BTC Bullish MA Cross

A market analyst recently suggested that XRP has the potential to reach a new peak on the XRP/BTC pair following a bullish cross against Bitcoin. Notably, XRP is beginning to show signs of renewed momentum after a rough week that has seen the asset dip 2.89% in the last seven days amid widespread market volatility.  Despite the bearish cloud, XRP has staged a strong recovery push, recently reclaiming the $2 mark and notching an impressive 12.38% gain in the past 24 hours. This resurgence comes at a critical moment, as a rare bullish crossover has just materialized on the XRP/BTC weekly chart. XRP/BTC Pair Observes Bullish Crossover  Technical analyst EGRAG Crypto recently spotlighted this bullish signal, which involves the 55-week Exponential Moving Average (EMA) crossing above the 155-week Simple Moving Average (MA).  For context, this crossover occurred on Feb. 17, 2025, two weeks after the ongoing market-wide turbulence ensued. During this period, XRP witnessed consecutive declines against BTC, as the firstborn crypto showed less volatility. Interestingly, the February 2025 crossover marked just the second time in XRP/BTC history that such a pattern has formed.

Notably, the last time it happened was on May 15, 2017. What followed that previous crossover was a staggering 958.97% surge in the XRP/BTC ratio, pushing the pair from deep lows to a peak of 0.00022104 BTC per XRP. This occurred as XRP skyrocketed to the ATH of $3.8 in January 2018. According to EGRAG, the current setup seems to mirror that historic pattern. Citing this historical precedent, the analyst suggests the same explosive run from 2017 could materialize once more.  A Massive XRP Uptrend After Downward Retest Following the February 2025 crossover, XRP/BTC attempted to retest the 55 EMA but veered off before touching it. If the pair manages a proper retest now, it could crash from the current 0.00002424 level to 0.00001850. With Bitcoin trading around $80,000 in such a scenario, XRP would drop to near the $1.48 price point. Now, after this slump, XRP could finally stage the much-needed rally. Assuming XRP/BTC repeats the previous 958% rally, EGRAG indicates that the ratio would climb to about 0.000171 BTC.  However, if Bitcoin trades at the Fibonacci 0.702 level near $97,000 when the pair reaches 0.000171, this will place XRP at roughly $16.5. Nonetheless, if the firstborn crypto resumes its uptrend and breaks into new highs, XRP could achieve even more dramatic prices. For instance, should Bitcoin reach $130,000, XRP would hover around $22 at an XRP/BTC ratio of 0.000171. A $150,000 BTC would push XRP to $25, while a climb to $170,000 could catapult XRP to a formidable $29. These projections focus on the XRP/BTC ratio maintaining momentum from its February bullish crossover and Bitcoin sustaining its macro uptrend. In addition to this, EGRAG's chart reveals four bottoms for XRP/BTC since 2014, with the latest forming in early 2025. Each bottom historically preceded a significant upward move, and the current market situation suggests a similar breakout could be underway. At press time, XRP changes hands at $1.98, having lost the $2 mark again. Meanwhile, Bitcoin trades for $81,753, dropping from an earlier intraday peak of $82,743. With these current prices, the XRP/BTC pair stands at 0.000024.