
XRP is testing a key historical resistance level against Ethereum, which, if broken, has historically led to significant price surges.
Analysts predict a potential 160% or more rally for XRP, which could close the market cap gap with Ethereum.
The current price action suggests XRP may be converting resistance to support, signaling a potential major shift.
XRP, the third-largest cryptocurrency, currently has a market capitalization of $142.89 billionโ46.48% lower than Ethereumโs $267 billion. However, crypto analyst and trader Dom believes XRP is testing a historically strong resistance level against Ethereum.
Every time XRP has broken past this level before, it has surged by at least 160%. Could this be the moment XRP catches up to Ethereum? Letโs take a closer look.
XRP Testing a Key Resistance Level
According to Dom, XRP is trying to break an important resistance levelโone that has never been surpassed without leading to a major rally. In the past, when XRP crossed this barrier, it saw a surge of at least 160%.
With XRPโs market cap currently 46.48% lower than Ethereumโs, a rally of similar size could help it close the gapโor even push XRP ahead.
Turning Resistance into Support?
Dom also points out that XRP may be flipping this resistance into support, a pattern last seen in March 2020. Back then, this shift led to a significant price increase. If XRP confirms this move, it could mark the start of a big change in the XRP/ETH market.
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XRP is at a crucial turning point. If it successfully breaks past resistance and holds its position, it could trigger a strong rally, possibly outpacing Ethereum.
Will XRP rise to challenge Ethereumโs dominance? The next few days will be key!
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FAQs
XRP price today is going up amid the broader marketโs optimism.
XRP might reach a high of $5.81 with an average of $4.89.
By 2030, XRP may trade between $16.92 and $26.97, driven by institutional adoption, CBDC development, and Rippleโs expansion in global payments.
XRPโs price could hit $178.82 by 2040, assuming widespread adoption, strong regulatory support, and Rippleโs continued dominance in cross-border payments.