XRP Has 70% Chance to Outperform Bitcoin, Says Analyst

Analyst Dr. Cat’s latest analysis gives XRP a 70% chance of outperforming Bitcoin, contingent on holding above the 2,041-satoshi support level. While historical data supports XRP’s potential rebound, risks loom if this crucial mark isn’t maintained, sparking uncertainty in market conditions.

Analyst Dr. Cat has recently released a new XRP/BTC chart that’s stirring up some debate in the crypto community. On 12 June, he posted his findings on X, suggesting that despite a tough six-week period for XRP, there’s still a solid chance for it to break out and outperform Bitcoin—he’s putting it at a significant 70 percent probability. It’s definitely a bold statement in such a fluctuating market.

Dr. Cat’s analysis circles around the crucial 2,041-satoshi mark. This is where three Ichimoku timeframes converge—monthly, bi-monthly, and tri-monthly. He acknowledges the persistent struggles XRP faces as it keeps dipping below various support levels without any bullish response, which feels somewhat alarming. However, he insists this support level is essential and can provide a foundation for a potential rebound.

The candles on the one-month chart already linger just below this line; a significant monthly closure under this threshold could indicate a bearish trend. That would send the XRP/BTC pair crashing into unpredictable territory. Dr. Cat is clear that if this happens, it could signal chaos, with prices possibly spiralling out of control.

Yet, he offers a silver lining, arguing that there’s historical precedent favouring XRP bulls. He believes the cryptocurrency has amassed a strong track record over the years. Many higher-low formations have congregated over twelve quarters, setting the stage for what he predicts as a minor spike in August towards about 3,000 satoshis.

However, Dr. Cat isn’t blind to the risks. He calculates a 30 percent likelihood that XRP might completely flop if it fails to hold above the 2,041 mark after a monthly close. In this worst-case scenario, XRP could slide down to 1,800 or even 1,900 satoshis, without much hope of a rebound until later in 2025 at the earliest. That’s quite a long wait for those hoping for promising returns.

So, at this moment, it’s all about that pivotal 2,041 number. Maintaining a position above it could give XRP a clear pathway to not just keep pace with Bitcoin, but potentially surpass it. But fear looms; drop below and everything turns into an unpredictable mess. Thus, traders are now acutely aware of just how slim that margin for error is going into this phase.

As of the latest update, XRP was trading at around $2.1287. It’s definitely a waiting game to see how things unfold in the coming weeks.