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XRP Targets Potential Gains Against ETH With Key Ichimoku Cloud Flip
XRP is showing a rare strength signal against ETH, according to crypto analyst Matt Hughes. The 2-week Ichimoku cloud flip, which hasn't been meaningful since 2021, indicates a potential regime change. If XRP manages to hold above the cloud, it could represent a significant shift in market dynamics.
XRP's Potential Outperformance Against ETH
- The XRP/ETH pair shows a 2-week Ichimoku cloud flip, suggesting potential support where resistance often prevailed before.
- Current price level is around 0.00062 on the chart.

XRP's Path to $9
- On the daily XRP/USD chart, price remains within a consolidation phase, respecting horizontal levels and Gann fan lines.
- Key breakout threshold identified at $2.30; surpassing this could lead to further targets at $2.59 and $2.95.

- Weekly chart targets include Fibonacci extensions at $3.09882 and $9.00194, with momentum potentially pushing prices higher.
- The strategy involves clearing USD range triggers and then converting previous resistance into support.

Failure to close above $2.30 might revert XRP back towards $1.78, but the long-term bullish outlook remains unchanged. At press time, XRP is trading at $1.9799.
