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CoinsKid: Key Clue in BTC Chart That Signals XRP About to ‘Rally Hard’

CoinsKid: Key Clue in BTC Chart That Signals XRP About to ‘Rally Hard’

  • XRP’s weekly MACD structure resembles Bitcoin’s in early 2023, which preceded a major Q4 rally.
  • As long as XRP’s MACD histogram stays above the zero line, bullish macro momentum remains intact.
  • Coinskid sees intermarket clues (Bitcoin dominance, Ethereum trends) suggesting XRP could rally hard.

Crypto analyst Coinskid has drawn attention to a potentially critical technical setup forming on the XRP weekly MACD, comparing it to Bitcoin’s behavior in 2023 before its massive Q4 rally. According to the analyst, XRP could be primed for a significant breakout—if one key condition holds.


XRP’s Weekly MACD: A Mirror of Bitcoin 2023?

In a recent tweet, Coinskid noted that XRP’s current weekly MACD structure is showing a striking resemblance to Bitcoin’s MACD setup in early to mid-2023.


At that time, Bitcoin underwent what Coinskid describes as an “irregular ABC correction,” where the MACD histogram held above the zero line before surging into a steep vertical move in Q4 2023.


“Take a look at Bitcoin on the weekly MACD in 2023. It pretty much did the same thing—irregular ABC & held the 0 line and then melted up in a HUGE VERTICAL into Q4 2023 exactly as expected,” Coinskid tweeted.


He suggests that XRP could follow a similar pattern, provided it maintains its current MACD structure.


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Why the Zero Line Matters

The zero line on the MACD histogram is considered a major momentum threshold. Assets that maintain price action and MACD readings above the zero line often indicate bullish macro momentum.


According to Coinskid, XRP’s ability to stay above these zero lines is a critical signal that it has not yet lost its upward momentum on the higher timeframes. “As long as we see XRP stay above the 0 line, it retains weekly macro momentum, which is very important for the next impulsive wave up,” Coinskid added.


Despite the lack of a strong impulsive rally on XRP’s chart so far, the MACD setup is offering optimism for patient bulls.


Chart Comparison: XRP vs BTC

The chart shared by Coinskid shows two weekly candlestick charts, XRP on the top and Bitcoin on the bottom, with MACD indicators below each. Both assets display bearish divergence (higher price highs against lower MACD highs), but in Bitcoin’s case, this setup preceded a powerful vertical rally once momentum turned upward again.


For XRP, the MACD is currently sloping downward with a recent histogram decline, suggesting a slowdown, but not yet a reversal of the macro trend, provided the zero line holds. This mirroring pattern has many analysts watching closely for a similar “rinse and repeat” scenario that could lead XRP into its next major wave.


coinskid xrp vs btc chart

Source: Coinskid: XRP vs BTC

Coinskid also hinted that signals may be emerging across other markets that could act as leading indicators for XRP.


“There is a rinse repeat scenario between the Bitcoin dominance and Ethereum right now that could be giving us a key clue that XRP is about to rally HARD when people have exited,” he warned.


This suggests that while market sentiment toward XRP may be cooling, structural setups across Bitcoin and Ethereum could be offering a contrarian bullish signal.


Conclusion: Momentum Still in Play for XRP

While XRP has not yet shown the impulsive strength that many traders are looking for, Coinskid’s analysis emphasizes that the weekly MACD zero line is a critical level to watch. If XRP manages to hold above it, as Bitcoin did in 2023, it could be gearing up for a vertical move into the final months of the year.


With broader market indicators such as Bitcoin dominance and Ethereum trends aligning, the next few weeks could be pivotal for XRP’s macro structure. As always, traders are advised to stay updated with evolving chart dynamics and macro indicators.


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