An analysis released on June 12 by market technician Dr. Cat highlights a potential breakout for the XRP/BTC trading pair despite recent declines. The analyst assigns a 70% probability to XRP eventually outperforming Bitcoin.
Central to Dr. Cat’s outlook is the 2,041-satoshi support level, marked by the convergence of monthly, bi-monthly, and tri-monthly Ichimoku indicators. Although recent price action has tested multiple supports without bullish response, this level remains critical.
The XRP price currently hovers just below this key support. A confirmed monthly close beneath 2,041 sats could trigger a fully bearish trend on the three-day chart, leading to increased volatility and unpredictable price behavior.
Nonetheless, historical data suggests XRP is in a prolonged accumulation phase, maintaining a pattern of higher lows over the past twelve quarters. This setup could enable a “minor attack” toward 3,000 sats in August, representing roughly a 45% gain from current levels, with potential for a larger rally as the market cycle advances.
Dr. Cat also notes a 30% chance of failure if the 2,041-satoshi support breaks on monthly close. In that scenario, XRP could drop to 1,800–1,900 sats, possibly rebound weakly, or extend a gradual decline toward previous lows. A significant bullish move could be delayed until late 2025 or beyond.
At present, the market’s direction hinges on maintaining the 2,041-satoshi level. Staying above it could signal XRP’s strength against Bitcoin, while falling below risks a volatile and uncertain phase. Traders are advised to watch this key pivot closely.
At the time of reporting, XRP was trading at $2.13.