XRP

XRP Eyes 160% Surge: Can It Overtake Ethereum in Market Cap?

The market capitalization of XRP, the third-largest cryptocurrency, currently stands at $142.8 billion, trailing Ethereum’s $267 billion by 46.48%. However, a recent analysis by crypto trader Dom suggests that XRP is testing a historically significant resistance level against Ethereum. If history repeats itself, XRP could see a massive surge, raising the question: Can it flip Ethereum in market value?

XRP Testing Key Resistance Against ETH

According to Dom’s post on X, XRP is attempting to breach a major resistance level that has historically led to significant rallies. The analyst points out that every time XRP has surpassed this level in the past, it has gained at least 160%.

Should XRP experience a similar rally, its market capitalization could close the gap with Ethereum’s, potentially challenging ETH’s dominance. This scenario hinges on whether XRP can successfully break resistance and sustain upward momentum.

Resistance Becoming Support – A Bullish Signal for XRP

Crypto analysts often emphasize that resistance turning into support is a strong bullish indicator. Dom notes that XRP is displaying this pattern, similar to what occurred in March 2020 before a substantial price increase.

The expert predicts that if XRP confirms this breakout, it could lead to a major shift in its market valuation relative to Ethereum. A sustained rally could make XRP one of the best-performing altcoins in the near term.

Can XRP Flip Ethereum?

While XRP has a long way to go before surpassing Ethereum in market capitalization, the historical data and current resistance test suggest a strong bullish outlook. If XRP follows previous trends, it could significantly outperform ETH, drawing more investor interest and potentially reshaping the crypto rankings.

Also Read: XRP Leads Upbit Trading Surge with $803M Volume

The coming weeks will be crucial for XRP. If the resistance transforms into solid support, it could set the stage for a major rally, bringing XRP closer to Ethereum’s valuation. Crypto traders and investors will be watching closely to see if history repeats itself once again.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of CoinBrief.io. Before making any investment decisions, you should always conduct your own research. Coin Brief is not responsible for any financial losses.

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