Independent market technician Dom has highlighted an unconventional ratio between XRP and West Texas Intermediate crude oil.
XRP/USOIL pair shows consistent resistance at a specific level since December, suggesting potential for a breakout to new all-time highs if breached.
Despite heavy sell pressure on XRP, professional liquidity providers are absorbing the tokens, indicating a possible explosive upside once sellers exhaust themselves.
Analyst Dom believes monitoring the XRP/USOIL pair offers a unique perspective on price action, with potential for significant movements based on technical breakout points.