Could a Bullish Breakout Push It Past Ethereum?

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?

XRP is Testing Its Most Important Resistance Against ETH

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.

Resistance Is Becoming Support – A Bullish Signal for XRP 

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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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