Ripple’s XRP is showing strong market signals after reclaiming an important price level against Ethereum. Top analyst CrediBULL Crypto shared on X (formerly Twitter) that XRP/ETH has broken through a four-year horizontal trading range and successfully retested that level as support.
He believes XRP’s price has potential to outperform Bitcoin and Ethereum in the coming period. There’s growing speculation that the cryptocurrency might reach new all-time high prices faster than many market participants currently expect.
Moreover, the analysis indicates a substantial breakout above a long-term resistance level, signaling the potential for a strong bullish trend. With the first target estimated at a 250% increase from current levels, XRP’s price could achieve historical milestones.
XRP Technical Analysis: The Key Levels to Watch
The XRP/ETH pair has been trading within a well-defined horizontal range for the past four years. The breakout above the 0.000387 ETH level marks a pivotal shift in momentum, transforming this resistance into a strong support zone. Historically, the lower boundary of the range, around 0.000258 ETH, has acted as a reliable support level during bearish cycles.
The breakout was followed by a successful retest of the upper boundary, confirming the move. Analysts note the presence of a rounded bottom pattern, indicating long-term accumulation and a transition from bearish to bullish momentum.
Key price targets include 0.000536 ETH, representing a 250% increase, and a second target near 0.000976 ETH, reflecting a potential 901% surge.
Image Source: X/CrediBULLCrypto Analyst’s Perspective: Outperformance Against ETH and BTC
CrediBULL Crypto’s tweet underscores a high level of confidence in XRP’s ability to outperform Ethereum and Bitcoin. The analyst believes the recent breakout signals a faster path to new all-time highs for XRP than many market participants anticipate.
The tweet also draws attention to XRP’s potential to leverage its relative strength against Ethereum, with the XRP/ETH pair exhibiting bullish signals that align with historical patterns of explosive growth.
Read Also: Litecoin (LTC) Price Edges Out of Multi-Year Triangle—What Could Be Next?
Momentum and Market Trends
The breakout from the multi-year range highlights XRP’s increasing momentum and potential for substantial price appreciation. While volume data is not visible in the analysis, the consistent upward movement indicates strong buying interest among investors.
Traders and analysts are keeping an eye on the pair in hopes of additional confirmation of a long-term positive trend since the price of XRP has recovered important levels. Market players are getting ready for what might be one of XRP’s most exciting growth episodes as the cryptocurrency approaches significant resistance levels.
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