Analyst: Looks Like XRP Is Gearing Up for a Move Towards $1,200. Here’s why

Technical analyst ChartNerd has shared a new market outlook examining XRP’s recent performance against Bitcoin and the U.S. dollar, raising questions about whether the digital asset could be preparing for a significant breakout.

In a post on X, the analyst noted the XRP/BTC trading pair has declined for 15 consecutive weeks while XRP’s USD valuation remained largely range-bound during the same period.

The post referenced Bitcoin’s rally from $60,000 to $80,000 and argued that XRP’s relative weakness against Bitcoin helps explain why XRP has struggled to post major gains in dollar terms despite broader market strength.

ChartNerd attached two comparative charts highlighting the divergence between XRP’s performance against Bitcoin and its sideways movement against the U.S. dollar.

XRP/BTC Weakness Highlighted in Technical Outlook

In the chart comparing XRP against Bitcoin, ChartNerd identified a steady decline that lasted approximately 15 weeks. The analyst marked the downward movement with a highlighted red section, emphasizing sustained weakness in the XRP/BTC pair during Bitcoin’s recent upward move.

According to the post, Bitcoin’s rally has absorbed much of the market momentum, limiting XRP’s ability to outperform. ChartNerd argued that the decline in the XRP/BTC pair directly correlates with XRP’s inability to produce strong upward price action in the USD market during the same period.

The accompanying XRP/USD chart showed XRP trading sideways for roughly 15 weeks within a narrow range near $1.30 to $1.45. The analyst suggested that this period of consolidation could indicate a buildup before a larger move, asking followers whether XRP appears to be “gearing up” for a move toward $1,200 by the end of May.

Although the post mentioned the possibility of XRP reaching $1,200, the analyst did not provide a detailed mathematical breakdown or timeline explaining how such a valuation would be achieved. Instead, the focus remained on the relationship between XRP’s Bitcoin pair and its USD performance.

Community Responses Question Price Projection

The post attracted mixed reactions from market participants, with several users questioning both the technical outlook and the broader XRP thesis. One commenter, Joe Linstrum, argued that XRP has not delivered on expectations tied to its original use case. He claimed that if Ripple had continued utilizing XRP as initially intended, the asset’s valuation would already be significantly higher.

Another user, Medhi, stated that chart analysis may have limited relevance for XRP, arguing that the asset’s price action continues to follow Bitcoin rather than utility-driven adoption. The commenter added that macroeconomic developments and broader financial-system implementation may ultimately have a greater influence on XRP’s future valuation than traditional indicators.

Linh Dao also challenged the $1,200 target, describing the prediction as unrealistic given the ongoing weakness in the XRP/BTC pair. The user argued that the current market structure reflects declining relative strength rather than bullish momentum.

ChartNerd’s analysis nevertheless added to the ongoing debate within the digital asset community regarding XRP’s long-term trajectory and whether extended consolidation periods could eventually lead to significant price expansion if market conditions shift.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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