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Cryptocurrency News Articles
XRP Is Approaching a Key Resistance Level Against Ethereum
Mar 05, 2025 at 11:50 pm
Analyst Dom drew attention to this development in a post on X today. According to him, at the current price level, XRP is attempting to overcome the most significant resistance in history against Ethereum.
Cryptocurrency analyst Dom has pointed to a key resistance level that XRP is approaching against Ethereum.
According to the analyst, at the current price level, XRP is attempting to overcome the most significant resistance in history against ETH.
"At 0.0011233, a major move could be on the horizon for $XRP. Currently attempting to breach the deepest fib on the all-time chart, and historically every time we've broken .0012 we've seen at least a 160% rally in a short period of time," said Dom in part on Friday.
A glance at the provided chart shows that every time XRP broke above 0.0012 ETH, it experienced a rapid surge within a short time frame. For instance, during early 2017, when XRP broke above the 0.0012 ETH, it rallied by 160% in less than two months.
Later in 2017, when XRP exited this zone again, it encountered another buying spree that saw it experience gains of over 360% in five months.
Finally, in early 2018, when XRP broke above the 0.0012 ETH, it encountered another buying spree that saw it experience gains of over 360% in five months.
Now in 2025, XRP is testing this level again, sparking analysis on whether history will repeat itself.
Highlighting this setup, Dom noted that breaking this resistance could see XRP outperform ETH massively. He added that even a half-sized rally (80%) would still position XRP as a major market to move against Ethereum.
"If we break this DEEP fib, expect some massive outperformance from XRP to ETH. Even a half-sized rally puts in a huge market to move. But if we fail, expect ETH to massively outperform or XRP to continue outperforming," the analyst stated.
He added that once the barrier is overcome, XRP will enter another multi-month streak of outperformance compared to Ethereum.
On the USD chart, Ethereum is already lagging massively compared to XRP. Since the start of this year, the price of ETH has dropped by 33%, while BTC has only dipped by 3.7% over the same period. Meanwhile, XRP boasts an impressive year-to-date gain of 19%.
With price action heating up, Dom disclosed setting alerts for a confirmed breakout in XRP/ETH.
The sentiment comes as many within the crypto community now believe that XRP will overtake Ethereum’s position to become the biggest altcoin, trailing only Bitcoin.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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- Ond (ONDO) Surged Nearly 20%
- Apr 12, 2025 at 05:30 am
- output:input: title: Ond (ONDO) surged nearly 20%
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