According to fresh market analysis, XRP may soon exceed Ethereum. A report from CrediBULL Crypto points to key support levels and signs of growth for XRP.
Strong Support for XRP/ETH After Correction
Recent data indicates that the XRP/ETH pair has reached a level of interest following a three-month correction. The analyst noted that this zone aligns with the midrange after a 700% rally from prior lows. This movement is classified as a technical reset that could support renewed gains.
XRP/USD Consolidation Mirrors Historical Patterns
The report highlights that XRP/USD has consolidated above its highest monthly close on record. Analysts observed that such a structure typically precedes strong market expansions for both XRP and Bitcoin. The consolidation signifies profit-taking behavior post an extended bear market. XRP's ability to maintain support at this level signals potential preparation for a breakout.
Ethereum Approaching Resistance Zone
In contrast to XRP, Ethereum has shown strong momentum in recent months. According to the analysis, ETH/USD completed a five-wave impulse starting from the $2,100 level, bringing ETH close to its previous all-time high, a level not tested since the last market cycle. The report states that Ethereum is now entering a logical resistance zone where price movement may slow. This could lead to a consolidation phase as the market digests recent gains, potentially allowing XRP to take the lead in relative performance.
Thus, fresh market analysis indicates the strengthening of XRP and the likelihood of its outperformance over Ethereum, linked to current support levels and historical price behavior.
