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?
According 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.
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Dom states that XRP is currently turning the resistance into a support level. He observes that the last time this happened was in March 2020.
The crypto expert predicts that this could be the beginning of a huge shift in the XRP/ETH market. If XRP confirms the breakout, it could strongly outperform ETH.
In conclusion, the price action of XRP is at a crucial point. If it successfully breaks resistance and turns it into support, a major rally could follow.
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