Look, XRP is showing interesting signals on the monthly chart against Bitcoin. According to technical analyses circulating among traders, the XRP/BTC pair is close to breaking above the Ichimoku cloud for the first time since 2018 — and historically, this suggests that XRP could outperform Bitcoin in relative strength. But before that, there's quite a bit of short-term movement happening.

Recently, the price dropped significantly — moving from higher levels and testing lower levels with volume well above average. This kind of aggressive movement, that high-volume capitulation, is usually absorbed by buyers when it can no longer push prices down further. And that’s exactly what happened: the mass sell-off found demand, and the price stabilized. Now traders are watching to see if it can recover the critical resistance zone or if it gets stuck in a descending channel.

The capitulation we saw was quite characteristic — strong selling, volume spiked, but without continuation. When this happens, it generally means positions were forcibly liquidated, not through a gradual decline. And this leaves a cleaner technical base, like a reset. If buyers can hold the key levels, it opens space for recovery.

What matters now is: if demand continues to hold the support line, and if the XRP/BTC pair truly confirms this breakout on the monthly chart, then future dips are likely to be bought more aggressively — especially when there’s rotation between assets in the market. But until that happens, the recent capitulation remains an important reference point for traders mapping out the next moves.