Bitcoin Maximalist Comments on XRP’s Double Bottom
Market analyst Xaif Crypto notes that even Benjamin Cowen, one of the most committed Bitcoin maximalists, has acknowledged that XRP “drew his interest” due to a developing double bottom pattern against BTC.
This statement is noteworthy as it reframes XRP’s technical setup not merely as a separate altcoin narrative, but as a strengthening movement relative to Bitcoin, the primary market benchmark.
A double bottom is a well-known reversal pattern where the price hits a support level, rebounds, retests the same low, and then breaks higher, indicating decreasing selling pressure and increasing buying interest.
On a chart paired with BTC, this implies XRP could start outperforming Bitcoin, signaling notable shifts in relative market strength—an essential insight for traders and investors who evaluate performance based on BTC pairs, emphasizing the importance of relative market positioning beyond just USD gains.
Why is it significant for a Bitcoin maximalist to take notice of XRP? Benjamin Cowen’s perspectives are influential among traders who focus on long-term structural metrics. When a respected BTC analyst brings attention to an altcoin’s setup, it encourages impartial observers to rethink their assumptions, particularly concerning XRP.
As a result, Xaif Crypto amplifies Cowen’s acknowledgment, emphasizing that technical signals are starting to gain attention regardless of partisan biases.
On-chain data reinforces this optimistic outlook. For example, XRP is currently experiencing low speculative bias and stability in price, as funding rates fall to nearly zero.
Moreover, analysts highlight that XRP’s distinct utility within the XRP Ledger, such as faster settlement times and collaborations with financial institutions, provides further fundamental backing that aligns with the technical story.
With XRP nearing a breakout from a descending triangle, bullish momentum is building for the third-largest cryptocurrency globally.
Market commentator DeGram pointed out, “A breakout above 3.20 could spark momentum towards 3.50 and eventually confront the key resistance level of 3.65.”
As of this writing, XRP was priced at $3.02, reflecting a 3.7% rise over the past week.
Conclusion
Benjamin Cowen’s recognition of XRP’s double bottom in relation to Bitcoin marks a significant change in market dynamics.
While technical indicators need validation and caution is urged, this acknowledgment from a prominent Bitcoin maximalist suggests XRP has the potential to excel in future cycles, especially with all eyes on a descending triangle breakout.
