• XRP breaks 6-year downtrend vs ETH, signaling potential bullish reversal on monthly chart.

• Elliott Wave and Ichimoku Cloud hint at upcoming bullish momentum for XRP over Ethereum.

• Recent price action shows steady XRP gains, potentially outpacing ETH in near future.

Dark Defender, a crypto analyst, recently highlighted a significant development in the crypto market on his X account. He noted the potential for XRP to outperform Ethereum (ETH) after six years. 

We have waited for this moment for 6 years.#XRP will Flip #ETH

XRP/ETH in the monthly time frame.

XRP is Free! pic.twitter.com/IbhlrhMpYZ

— Dark Defender (@DefendDark) September 13, 2024

Breaking a Long-Term Downtrend: The XRP/ETH Monthly Chart

The monthly trading chart for the XRP/Ethereum (XRP/ETH) pair displays a technical formation. Since 2018, XRP has been continuously declining against Ethereum, indicated by a descending orange trendline on the chart. This trendline has acted as a steady resistance level, pushing the trading pair lower over the years.

Recently, XRP broke above this bear market line, an event often seen by analysts as a bullish signal. This breakout, marked by a green circle…

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