Bitcoin has reached a new all-time high of $125,800 before starting to cool down. The daily RSI has moved into the overbought zone, showing that the market may be due for a pullback.
Analysts say this is a healthy pause in the ongoing uptrend. The MACD also shows that the strong green bars representing bullish power are getting lighter, meaning buying strength is slowing. Even so, the weekly chart stays bullish, with bulls still in control.
If Bitcoin continues to cool off, funds could move into altcoins, giving coins like XRP more room to climb in the days ahead.
XRP Tests Key Levels as Market Shifts
While Bitcoin takes a breather, XRP is trading between two important zones — a support area of $2.70–$2.80 and resistance around $3.10–$3.15. A confirmed daily close above $3.15 could open the door to $3.30–$3.35.
XRP is also forming a possible W pattern, which often marks a bullish setup. If the price holds above $3.15, the next target stands near $3.55, which matches the recent daily highs.
Bearish Divergence Fades Away
On the weekly chart, the earlier bearish divergence that formed around July is slowly fading. The RSI is ticking upward, showing improving strength. The long cooling phase over the last few months appears to have played out fully. With Bitcoin setting new highs, XRP may now move past the bearish phase that held it back through the summer.
Outlook: XRP Could Rise If Altcoins Take the Lead
If Bitcoin’s pullback continues, XRP could be one of the next movers as traders shift focus to altcoins. A firm breakout above $3.15 could lift the price toward $3.50–$3.60, close to its all-time high.
However, if the price drops below $2.93–$2.94, XRP could return to sideways action before making another attempt upward.