Bitcoin Maxi Notices XRP’s Double Bottom
According to market analyst Xaif Crypto, even Benjamin Cowen, widely regarded as one of Bitcoin’s most steadfast maximalists, has admitted that XRP “caught his eye” thanks to a developing double bottom formation versus BTC.
That admission is catching attention because it frames XRP’s technical setup not as a standalone altcoin story but as one forming strength relative to Bitcoin, the market’s dominant benchmark.
A double bottom is a classic reversal pattern where price tests a support, rebounds, retests the low, and then breaks higher, signaling waning selling pressure and rising buying interest.
On a BTC-paired chart, this suggests XRP may begin outperforming Bitcoin, highlighting shifts in relative market strength, critical insight for traders and allocators who judge performance by BTC pairs, which is significant because it’s not just about USD gains but about relative market share.
Why does a Bitcoin maximalist noticing XRP matter? Well, Benjamin Cowen’s insights influence traders who prioritize long-term, structural metrics. When a respected BTC analyst highlights an altcoin setup, it prompts neutral observers to reconsider assumptions, especially for XRP.
As a result, Xaif Crypto amplifies Cowen’s admission underscores that technical signals are gaining attention beyond partisan bias.
On-chain data further supports this optimism. For instance, XRP is presently witnessing low speculative bias and price stability, thanks to funding rates dropping to nearly zero.
Furthermore, analysts also point out that XRP’s unique utility within the XRP Ledger, including faster settlement times and partnerships with financial institutions, provides additional fundamental support that complements the technical narrative.
With XRP approaching a descending triangle breakout, bullish momentum continues to build for the world’s third-largest cryptocurrency.
Market commentator DeGram noted, “A breakout above 3.20 could ignite momentum toward 3.50 and eventually challenge the key 3.65 resistance zone.”
At the time of this writing, XRP was trading at $3.02, representing a 3.7% increase in the past week.
Conclusion
Benjamin Cowen’s acknowledgment of XRP’s double bottom versus Bitcoin signals a noteworthy shift in market perception.
While technical patterns require confirmation and caution, this recognition from a leading Bitcoin maximalist highlights XRP’s potential to outperform in the coming cycles with all eyes on a descending triangle breakout.
