Is a Big Rally Coming for XRP? Analyst Evaluates the Latest Situation, Says "The Signal That Previously Brought a 200 Percent Increase Has Burned Aga

US President Donald Trump's new tariff policy against China and several countries has caused sharp declines in Bitcoin and altcoins.

While BTC fell to $91,000, altcoins also suffered major losses. Ethereum (ETH) fell to $2,100, XRP to $1.8, and Solana (SOL) to $180.

However, as the market subsequently recovered, market analyst Omkar Godbole said that XRP was signaling a potential breakout against BTC.

The analyst said that although altcoins have been facing difficulties in recent days amid global economic uncertainty, XRP is showing bullish signals.

Starting from the XRP/BTC ratio, the analyst noted that the rate approached the upper Bollinger Band on the monthly chart for the first time since 2017.

Stating that this situation is a strong rise and bullish harbinger, the analyst referred to April 2017.

The analyst stated that in 2017, the XRP/BTC rate broke the upper Bollinger band, after which XRP made a big breakout and experienced a 200% increase.

If history repeats itself and the XRP/BTC ratio breaks the upper Bollinger band, a major rally could be on the horizon for XRP.

XRP, which has gained 9% in the last 24 hours, continues to be traded at $2.6 at the time of writing.

*This is not investment advice.