XRP flips green after a 63% wipeout as retail fear hits a 2-year extreme – now one Wall Street metric is spiking via @hardeyjumoh

Just noticed: XRP has overtaken Bitcoin and Ether in recent days after the market experienced a significant crash. Interesting how investors jumped in during this dip. It looks like the larger altcoins are stabilizing again after the decline. XRP is now leading the list, along with some other coins that are gaining attention during this phase. Out of the 9 coins I usually watch, at least 5 of them are showing similar recovery patterns. This is typical for such phases—when the big crash is over, buyers jump in and push certain assets higher. Let’s see if XRP can maintain this lead or if Bitcoin will take back the top spot.

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.