Analyst Predicts XRP Outperformance Over Ethereum Based on Market Structure

CrediBULL Crypto (@CredibleCrypto) indicates that market structure analysis suggests XRP may outperform Ethereum. Key points include:

XRP/ETH has receded to a support area after a three-month correction following a 700% rally.
XRP/USD is in its ninth month of consolidation above its highest monthly close, around $1.90.
Ethereum (ETH/USD) is approaching its previous all-time high (ATH) but may require consolidation after a five-wave advance from $2,100.
The support zone for XRP/ETH is between 0.0007322 and 0.00065 ETH per XRP, with immediate resistances at 0.007864 and 0.0010106.
An uptrend for XRP/ETH is likely if the price remains above the mentioned support levels.
Consolidation or a deeper correction for ETH could favor XRP’s relative strength.

Current XRP trading price is $3.01.