In the crypto currency market, investors often interpret sudden price splashes in the memecoins and some subcoins as signals that indicate the end of bull markets. Dogecoin (Dogge), which has been evaluated in this context for a long time, and the recently with this role, XRP is on the agenda again.

Doge and XRP are the inverse indicators of the bull market?

Memecoins such as Doge and Shıb often tend to rise in times when the market is moving. However, XRP has a real usage area, unlike Doge. The sudden and vertical increases in the price of XRP used by Ripple for cross -border payments are often overlapping with the periods when Bitcoin reached the summit.

• 2017: XRP increased 10 times, while Bitcoin peaked with $ 20,000.
• 2021: XRP jumped again, BTC returned to $ 60,000.
• End of 2024: XRP gained 240 percent, peak with $ 109,000 and then fell below $ 80,000.

Recently, crypto analyst Peter Brandt said that the shoulder head shoulder formation on XRP’s technical graph in an X (formerly called Twitter) post is clear. Analyst said:

• If this structure remains valid, the price may decrease to the level of $ 1.07.
• However, the XRP’s exceeding $ 3 will invalidate this formation.
• A decrease below $ 1,90 may trigger a 55 percent correction.

Another crypto analyst Javon Marx, who thinks of the opposite, drew attention to a very positive structure on the XRP graph. Marks said:

• The XRP is above the pen formation that falls in terms of both price and RSI.
• This structure resulted in a price increase of 570 percent in the past.
• XRP is preparing a new “important rise”.