- XRP has broken above a crucial resistance level on the XRP/BTC chart.
- Analyst Alex Cobb declares, “XRP season starts now,” highlighting strong bullish potential.
- Technical structure suggests accumulation and a bullish breakout confirmation.
- The breakout could spark a wider altcoin season and challenge Bitcoin’s dominance.
XRP Season Starts Now: Why This Breakout Against Bitcoin Matters
XRP is back in the spotlight after breaking through a key horizontal resistance level on the XRP/BTC trading pair, sparking optimism among traders and analysts. This move could mark the beginning of a major bullish phase for the asset — potentially signaling the long-awaited start of “XRP season.”
On the 4-hour chart, crypto analyst Alex Cobb (@Cobb_XRPL) pointed out that XRP/BTC recently closed a strong candle above a long-standing resistance that had capped its relative strength for weeks. This breakout is not only technically clean but also backed by solid structure and moderate volume, lending credibility to the move.
Cobb Declares XRP Season Has Begun
Following the breakout, Cobb confidently stated, “Yep I’ve seen enough, Ripple season starts now.” His brief but impactful comment underscores a widely anticipated shift in XRP’s trend — from consolidation to bullish momentum. He believes that XRP is poised to gain strength against Bitcoin and potentially lead a broader altcoin resurgence.
The resistance level that held Ripple down for months has now turned into support. This flip in market structure is a key bullish signal and often acts as a launchpad for upward continuation.
Technical Analysis Supports Bullish Outlook
The recent breakout follows a prolonged accumulation phase, where Ripple formed what resembles a rounding bottom — a bullish reversal pattern. Multiple retests of resistance, followed by consecutive closes above it, indicate strength and a solid foundation for further gains.
Also Read: Ripple’s Banking Ambition Triggers $10 XRP Price Prediction
Additionally, the lack of any immediate rejection after the breakout adds further weight to the legitimacy of this move. With Bitcoin’s dominance still elevated, XRP’s rise against BTC highlights its relative strength — a key factor traders watch when predicting the next altcoin leader.
What Comes Next for XRP?
If Ripple holds its newly claimed support, the next phase will likely involve targeting previous range highs based on the breakout’s structure. This could also impact Bitcoin dominance and potentially usher in a full-fledged altcoin season.
While short-term volatility is to be expected, the technical outlook now leans bullish. Traders and investors should monitor trading volume and the behavior of other altcoins for confirmation that this move is not isolated.
