XRP Price Today: Could a Bullish Breakout Push It Past Ethereum?
The post XRP Price Today: Could a Bullish Breakout Push It Past Ethereum? appeared first on Coinpedia Fintech News
The market capitalisation of the third largest cryptocurrency, XRP, remains at $142,889,441,501 – at least 46.48% lower than the Ethereum market cap of $267,009,007,063. A recent post on X by a crypto analyst and trader, identified as Dom, suggests that XRP is currently testing a historically strong resistance level versus Ethereum. As per the expert, historically, the XRP market has surged at least 160% after breaking this resistance. The big question is: Can it flip Ethereum in market value? Let’s dive deep into the details! Ready?
XRP is Testing Its Most Important Resistance Against ETHAccording to Dom, XRP is attempting to break a historically significant resistance level. The expert highlights that this resistance has never been broken without a major rally following. He notes that when XRP has broken this level before, it surged at least 160%.
As the current market cap of XRP is just 46.48% lower than that of Ethereum, a powerful rally, strong enough to cover this, could help the former surpass the later in terms of market capitalisation.
$XRP is attempting to break the largest resistance in history against $ETH
Price historically has ONLY ever went parabolic if broken, which at minimum has printed a 160% move after breaking this zone
Even half of that and $XRP flips $ETH
Alerts set for a confirmed break… https://t.co/XIxjaLKNBG pic.twitter.com/ionYN68GCr
$XRP vs $ETH update
XRP is in the process of flipping the most important resistance in history, to support
The last time this was support was March 2020…
This could be the start of a huge shift where $ETH severely underperforms or $XRP strongly outperforms 