Shanice Choate Bva9
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XRP’s technical outlook remains unclear, with support at $2.05 and resistance at $2.17, while traders look for a pickup in trading volume.#Xrp🔥🔥
Momentum about to switch from gold to BTC
Looking at Bitcoin relative to gold (#BTC /#USD /#XAU ), the ratio has shifted decisively in gold’s favor over the past several months—arguably for the past year. After peaking around 41 ounces of gold per Bitcoin, the ratio has dropped to roughly 21.7 ounces, marking a substantial drawdown for #BTC when measured against gold.
That said, the recent Stochastic RSI cross-up on the 2-week chart is significant. This kind of signal often marks the beginning of strong momentum, which could push Bitcoin to reclaim its previous highs relative to gold. Whether that plays out is still uncertain. If Bitcoin(#BTC ) fails to establish a higher swing high, it would indicate that gold is likely to maintain its dominance for the time being.
That said, the recent Stochastic RSI cross-up on the 2-week chart is significant. This kind of signal often marks the beginning of strong momentum, which could push Bitcoin to reclaim its previous highs relative to gold. Whether that plays out is still uncertain. If Bitcoin(#BTC ) fails to establish a higher swing high, it would indicate that gold is likely to maintain its dominance for the time being.
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