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Independent market technician Dom (@traderview2) has drawn the crypto communitys eye to an unconventional but increasingly watched ratio: XRP priced in West Texas Intermediate crude.
In a two-hour TradingView screenshot posted on 14 May, the analyst shows the XRP/USOIL pair fadingtwicein the exact same resistance shelf that has capped price action since mid-December. Last night we tapped the five-month range high again and price rejected perfectly, he wrote, adding that its amazing how much we are respecting this level as it gives a clear zone bulls need to fully regain for the next impulse higher.
Since December last year, the XRP price has been hammered down six times in the exact same resistance area. On May 13, Dom wrote: Could you ask for a cleaner range? This chart should be in a textbook We know the importance of this range high. If it breaks, the probability $XRP goes to a new ATH goes up drastically. We know what happened right after BTC / USOIL hit it’s ATH 2 weeks ago, I would expect something similar here. Patience, this needs steam to breakout here.
That ceiling is circumscribed on Doms chart by a charcoal-grey block from roughly 0.0418 to 0.0430. Each of the last two probes into the bandone during Asian trade on 12 May, the second during the New-York session on 14 Mayproduced sharp downside wicks.
Momentum, moreover, is flowing against heavy sell pressure in the spot token. Citing on-chain order-flow analytics, Dom highlighted that $210 million of XRP has been net-market-sold over the past seven daysdespite this, XRP is up twenty percent. He argues that such divergence implies absorption by professional liquidity providers rather than retail exuberance: Market makers or whales are likely soaking up aggressive asks through passive limit bids. When that dynamic persists, it usually precedes an explosive upside once sellers exhaust themselves.
Community members quickly asked what a definitive breakout could portend for XRP priced in dollars. One follower, The Standard (@Xrpdemon589), pressed: Would you say if it breaks it, it will have another parabolic move up breaking ATH? Dom responded, If we see a full breakout, historically yes, its only time until XRP/USD prints a new high.
Crypto commentator Moon Lambo (@MoonLamboio) queried the intellectual basis for linking an energy-based ratio to the standalone token. Dom conceded no fundamental thesis is proven, but stressed the analytical utility: I really just think it provides another perspective of price action when we peg it to something deeply woven into the economic system. I dont think there is any specific relationshiprather, its useful to see things you wouldnt otherwise see on the USD pair.
Technically, the map is binary. Dom reiterated that he has alerts set for a full breakout above 0.04180.0430; any two-hour close in that region would, in his view, constitute decisive range expansion and give bulls the runway for the next impulse higher. Should buyers instead relinquish the amber pivot at 0.0394, the door reopens to 0.0378 minor support, with a break there exposing the 0.0357 floor and negating the current series of higher lows.
Until either boundary yields, XRP/USOIL remains in its five-month box, but the very act of watching the pair, Dom contends, sharpens traders macro lens. BTC, USOIL, XRPcombining them is just another way to triangulate liquidity, he wrote. Sometimes the edge is simply seeing the same market from a slightly different angle.
At press time, XRP traded at $2.46.