Yep, That XRP—the Coin Everyone's Either Obsessed With or Sworn Off—Is Back

XRP, yeah that XRP—the coin everyone's either obsessed with or sworn off—is back on the radar. And guess what?

Crypto traders are notoriously optimistic, but even the most bullish among us get weary of coins that have been in a bear market for years. One coin that has managed to retain some level of interest despite a sluggish price is XRP, and some traders who have kept their distance for years are beginning to warm up to the token again.

For instance, crypto analyst VirtualBacon says that he is “almost ready” to buy XRP, an occurrence that would be surprising to anyone who has followed his work for some time.

While most analysts prefer to keep an eye on the dollar price, VirtualBacon says that he is tracking XRP’s price in BTC, and that the pair’s chart has finally begun to show signs of a bottom after a rather ugly multi-year downtrend.

According to the analyst, the XRP/BTC pair has been in a downtrend since 2017, and that the 0.000022 BTC level has held as strong support. However, if this level breaks and XRP slides by another 20-23%, it may reach a zone of interest.

This zone ranges from 0.000017 to 0.000019 BTC, and VirtualBacon calls it the “value zone,” which would also place XRP around the $1.80 price region, the price at which he plans to start buying.

“I’ll buy $XRP when this happens 👁️‍🗨️

I’ve never held any $XRP. But that might be about to change.

One key signal is setting up and if it triggers in the next 3-6 months, I’ll finally add $XRP to my portfolio.

Here’s what I’m watching 🧵👇”

According to his analysis, this is the cleanest setup for XRP that he has seen in at least two years, and that he is not planning to FOMO into any trades.

Moreover, VirtualBacon adds that if XRP does manage to stage a comeback, it may also bring about the return of other coins that have been left in the dust by younger generations of traders. For instance, while institutions and Gen Z are focused on Ethereum and Solana, older generations of traders may recognize XRP as the coin with the broadest name recognition.

With the SEC case nearly finished and rumors of an ETF circulating, XRP may be setting the stage not just for a run, but rather a comeback tour.