Top Analyst Predicts XRP Outperformance Over ETH in Upcoming Cycle
CryptoinsightUK suggests that market consensus may have misinterpreted the current situation for XRP and altcoins. Key points include:
- The analyst is optimistic about XRP, believing it could outperform a resurgent ETH.
- Sentiment and liquidity positioning indicate potential upside for XRP as sentiment gauges near "fear" levels around 40.
- Bitcoin has significant uncollected liquidity around $106,000, suggesting potential upward movement.
- Major altcoins show significant liquidity above current prices, indicating a possible leg higher.
- ETH is oversold on a 4-hour basis, similar to its position before previous price surges.
- Bitcoin Dominance is overbought, often preceding a local high or larger drawdown.
- XRP vs. ETH shows a local bottom structure, with a key trigger level at 0.00071 ETH per XRP.
- Potential Elliott-wave paths suggest XRP could see substantial growth against ETH.
At the time of reporting, XRP was trading at $2.86.
