The Surprising Connection Between XRP and Crude Oil Revealed by Analysts

Independent market analyst Dom (@traderview2) has drawn attention from the cryptocurrency community to an unconventional but increasingly noted ratio: XRP priced against West Texas Intermediate crude oil. The Relationship Between XRP And USOIL In a two-hour TradingView screenshot posted on May 14, the analyst shows the XRP/USOIL pair fading—twice—at the same resistance level that has restricted price action since mid-December. “Last night, we reached the highest level in five months once again, and the price was completely rejected,” he wrote, adding that “it is astonishing how much we respect this level as it creates a clear area that buyers need to fully reclaim for the next bullish momentum.”

Since December of last year, the price of XRP has been knocked down six times in the exact same resistance zone. On May 13, Dom wrote: “Can you ask for a clearer range? This chart should be included in textbooks… We know the importance of the highs within this range.” If it breaks, the chances of $XRP reaching a new ATH will increase significantly. We know what happened right after BTC / USOIL reached ATH 2 weeks ago, I expect something similar here. Patience, this needs momentum to break through here. That upper limit is capped on the Dom chart by a dark gray block from around 0.0418 to 0.0430. Each of the last two probes into this range—once during the Asian trading session on May 12 and the second during the New York trading session on May 14—produced strong bearish wicks.

Moreover, the ongoing uptrend is occurring against strong selling pressure on spot tokens. Citing on-chain order flow analysis, Dom emphasized that “210 million dollars worth of XRP has been sold net on the market in the past seven days—yet, XRP still rose twenty percent.” He argued that such divergence implies absorption by professional liquidity providers rather than excitement from retail traders: “Market makers or whales are likely absorbing positive demand through passive limit bids. When that momentum continues, it often precedes a breakout rally when sellers are exhausted.”

Community members quickly asked what a breakout could signal for XRP priced in dollars. A follower, The Standard (@Xrpdemon589), emphasized: “Do you think if it breaks out, it will have another parabolic move breaking ATH?” Dom replied, “If we see a full breakout, then historically it is possible, it’s just a matter of time before XRP/USD reaches a new high.” Cryptocurrency commentator Moon Lambo (@MoonLamboio) questioned the intellectual basis for linking energy-based rates to independent tokens. Dom acknowledged that no fundamental argument has been proven, but emphasized the analytical utility: “I really just think it offers a different perspective on price action when we tie it to something that is deeply intertwined with the economic system. I don’t think there is any specific relationship - rather, seeing things that you otherwise wouldn’t see on the USD pair is useful.” Technically, the map is binary. Dom reiterates that he has “set an alert for a complete breakout” at 0.0418–0.0430; any two-hour close in that area, in his view, would constitute an expansion of the decisive range and “create a runway for the buyers for the next bullish momentum.” Instead, if buyers abandon the amber pivot point at 0.0394, the door will reopen to a minor support level of 0.0378, with a break there exposing a floor level of 0.0357 and negating the current series of higher lows. Until one of the two boundaries yields a return, XRP/USOIL remains in its five-month box, but following the action of this currency pair, Dom suggests, will sharpen traders’ macro perspective. He wrote that “BTC, USOIL, XRP — combining them is just another way to define liquidity.” “Sometimes, the advantage is simply looking at the same market from a slightly different angle.”