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XRP, a cryptocurrency that has long been in the spotlight for both its potential and controversies, is now catching the attention of seasoned traders once again. One prominent analyst known as VirtualBacon recently shared his thoughts on why he is considering buying XRP, but only if the price hits a specific value zone. This renewed interest comes after years of XRP struggling against Bitcoin and the broader crypto market.
VirtualBacon’s decision is not based on XRP’s dollar price alone. Instead, he is closely watching how XRP performs against Bitcoin, specifically the XRP/BTC trading pair. For years, this pair has been in a steady decline, with XRP losing ground compared to Bitcoin since as far back as 2017. However, recent price charts reveal that the XRP/BTC ratio might be forming a rounded top pattern, a classic technical setup that often signals an upcoming shift in price momentum.
Currently, XRP maintains support near 0.000022 BTC. VirtualBacon points out that if this support breaks, XRP could experience a drop of about 20 to 23 percent, moving it into what he calls the “value zone.” This range falls between 0.000017 and 0.000019 BTC, which roughly corresponds to an XRP price near $1.80. This price level is where he is preparing to enter a position, seeing it as an attractive buying opportunity.
VirtualBacon describes this as the cleanest XRP setup he has observed in more than two years. His trading plan is cautious and methodical: he plans to wait for the XRP/BTC ratio to drop into the specified value zone before buying. Following that, he will watch for signs of a breakout that would confirm an upward trend. He estimates this process could take anywhere from three to six months, emphasizing patience over haste.
What makes this potential move even more interesting is that VirtualBacon believes XRP’s breakout could signal a broader revival for other altcoins that have been mostly overlooked in recent years. Coins like Cardano, Stellar, Hedera Hashgraph, Algorand, and XinFin might all benefit from renewed investor interest if XRP stages a strong comeback. Unlike newer altcoins such as Ethereum and Solana, which have established themselves with institutional and retail backing, XRP’s strength lies in its widespread recognition and real-world use cases, especially in cross-border payments.
Several factors contribute to the growing optimism around XRP. One of the biggest uncertainties — Ripple’s legal battle with the U.S. Securities and Exchange Commission — is reportedly nearing a resolution. This long-running lawsuit has cast a shadow over XRP’s potential, but with it drawing to a close, many investors feel more confident about its future. Additionally, discussions around introducing XRP-based exchange-traded funds (ETFs) are gaining traction, which could open the door to more institutional investment and further validate XRP’s market presence.
Market sentiment also appears to be shifting. As investors look for undervalued assets with strong fundamentals, XRP fits the bill due to its liquidity, broad adoption, and growing clarity on its regulatory status. These elements make it a prime candidate for a significant price rebound, especially if the crypto market stabilizes after periods of volatility.
For those watching XRP closely, there are key signals to keep an eye on. First is the XRP/BTC support level near 0.000022 BTC. A break below this could lead to a drop into the value zone around 0.000017 to 0.000019 BTC, which VirtualBacon has highlighted as an ideal entry point. Once the price reaches this zone, traders should watch for breakout confirmations—signs that the XRP/BTC ratio is beginning to climb again, signaling renewed upward momentum.
Of course, XRP’s trajectory will also be influenced by Bitcoin’s price action and the overall health of the cryptocurrency market. If Bitcoin strengthens and the market sentiment turns more positive, XRP and other altcoins could see strong gains. Conversely, continued weakness in Bitcoin or broader economic uncertainty could delay or dampen XRP’s recovery.
In summary, XRP is shaping up for a potentially important phase. With its legal challenges nearing resolution, ETF opportunities on the horizon, and a clear technical setup emerging, the coin is attracting renewed interest from serious traders. VirtualBacon’s plan to buy near $1.80 reflects growing confidence in XRP’s ability to rebound and possibly lead a resurgence of interest in older altcoins that have been forgotten by many.
For investors, the coming months may be critical. Watching the XRP/BTC ratio and overall market conditions closely could reveal whether XRP is ready to reclaim its position as a major player in the crypto world. If the signals align, XRP’s next move might just be the catalyst that revives not only itself but a wider group of cryptocurrencies.
