Could a Bullish Breakout Push It Past Ethereum?
The third largest cryptocurrency, XRP, still has a market cap of $142,889,441,501 – at least 46.48% lower than Ethereum’s market cap, at $267,009,007,063. A recent article by Crypto analysts and Trader on X, called DOM, suggests that XRP is currently testing historically strong levels of resistance with Ethereum. Historically, the XRP market has soared at least 160% after breaking this resistance. The biggest question is: Can it flip Ethereum in market value? Let’s dig into the details! Ready?
XRP is testing its most important resistance to ETH
According to DOM, XRP attempts to break the historically significant level of resistance. Experts stress that this resistance has never been broken without the main rally. He noted that when XRP had previously broken this level, it soared at least 160%.
Since XRP’s current market cap is only 46.48% lower than Ethereum’s XRP, it’s a strong rally that is strong enough to cover this to help the former outperform late in terms of market cap.
Resistance is becoming a support – XRP bullish signal
DOM notes that XRP is currently turning the resistor into a support stage. He observed that this happened in March 2020.
Crypto experts predict that this could be the beginning of a huge shift in the XRP/ETH market. If XRP confirms a breakthrough, it may exceed ETH.
In short, XRP’s price action is at a critical point. If it successfully breaks the resistance and turns it into support, a major rally can take place.
