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Analyst Predicts XRP Outperformance Over Ethereum in Coming Months
Technical analyst Charting Guy highlights a potential short-term outperformance of XRP against Ethereum. His analysis identifies a rare bullish divergence in the XRP/ETH weekly chart, suggesting a shift in momentum favoring XRP.
Key Observations
- The Relative Strength Index (RSI) for XRP/ETH has reversed into a bullish divergence, indicating reduced selling pressure and strengthening of XRP.
- This pattern mimics a previous setup before a significant rise in XRP's value against Ethereum, last seen in June 2024.
- XRP/ETH is consolidating around the 0.00063 ratio level, with indications of XRP gaining strength while Ethereum's momentum slows.
Short-Term Projection
- Charting Guy projects XRP to climb sharply relative to Ethereum, potentially trading above 0.00015 by March 2026.
- The forecast suggests XRP could regain a leadership position among major altcoins in the next three months.
Currently, XRP trades at $2.64 with a market cap of $158 billion, while Ethereum trades at $4,025 with a market cap of $486 billion.