XRP could outperform Ethereum in the coming weeks. This is predicted by crypto analyst CryptoBull, who shared a striking price chart on X. According to him, XRP has broken out of a long-term bearish pattern, with rising volume and clear signals of recovery.
The chart shows a so-called ‘descending wedge’, which has held XRP captive since the spring. Now that the breakout has been confirmed to the upside, many traders believe that a trend reversal has been initiated.
Technical breakout offers room for further upside
The price ratio between XRP and Ethereum is currently around 0.0007055, an increase of almost seven percent. According to CryptoBull’s analysis, there is room for further growth towards 0.0012 and even 0.0014. That would mean a significant catch-up for XRP compared to Ethereum.
As long as trading volume remains high and XRP remains above the breakout zone, momentum will remain on XRP’s side, he said. In that scenario, the coin could temporarily overshadow Ethereum in the short term.
Network comparisons fuel bullish sentiment
After CryptoBull’s analysis, a discussion arose on X about the fundamental differences between the two networks. Ethereum has long had to deal with slow transactions and high costs during busy periods. XRP scores better here: faster, cheaper and more predictable.
It is precisely these properties that make XRP interesting for parties involved in payments and international transactions. If the market pushes more money into XRP again, it could push the price up further.
Sentiment around XRP is remarkably optimistic
The mood around XRP is extremely optimistic. Some analysts even dare to speak of a possible price increase of ninety percent. The prevailing expectation: If current momentum continues, XRP could overtake Ethereum in performance over the next two weeks.
One thing remains crucial: the price must remain above the breakout zone. If XRP falls back into the old range or trading volume dries up, the uptrend will quickly end.
For now, both the technical signals and sentiment in the market seem to point to a strong phase for XRP.
Source: https://newsbit.nl/analist-xrp-gaat-ethereum-de-komende-twee-weken-overklassen/
