XRP Set for Historic Breakout Against Bitcoin

After nearly eight years under a long-term resistance line, XRP is nearing a significant breakout against Bitcoin (BTC). Pending XRP Spot ETF approvals could catalyze a momentum shift.

XRP To Break Major Resistance Against Bitcoin

The XRP/BTC trading pair is on the verge of a technical breakout that might change its long-term value. Crypto expert Gordon analyzed charts and noted that XRP/BTC is close to breaching an 8-year descending resistance line, which may end its prolonged underperformance against Bitcoin.

This breakout could indicate a broader revaluation of XRP. Gordon’s biweekly chart highlights XRP’s historical challenges against Bitcoin, showing repeated failures to surpass the resistance line established since 2017.

However, after years of consolidation, XRP/BTC is forming a large Symmetrical Triangle, with prices nearing the upper boundary. Gordon’s analysis indicates momentum is building, suggesting an impending breakout.

What makes this situation even more compelling is that XRP’s upward movement has occurred without major positive news catalysts. The rising value of XRP/BTC builds anticipation for XRP Spot ETF approval, which could be a significant market driver. Gordon believes a breakout from the 8-year trendline may unlock substantial wealth opportunities.

2025 XRP Spot ETF Approval Odds Hit 95%

Market expert Steph is Crypto reported that XRP is a leading candidate for Spot ETF approval in the U.S. The likelihood of approval by the US SEC in 2025 has surged to 95%.

XRP now shares the highest approval odds alongside Litecoin and Solana, indicating a shift in sentiment towards altcoin-based ETFs. Institutional asset managers, including Grayscale, Bitwise, and others, are already investing in this ETF. Recently, it was revealed that the SEC approved the conversion of the Bitwise 10 Crypto Index Fund into an ETF that includes assets like XRP, BTC, and ETH.