- XRP has outperformed Ethereum and Bitcoin, surging 90% against ETH in just two weeks.
- Bullish projections for XRP/ETH suggest a potential 98% rally, possibly pushing XRP above $5.
- XRP/USD shows signs of retracement, with MACD and RSI indicating near-term bearish momentum.
XRP has displayed strong performance in recent weeks outpacing Ethereum (ETH) and Bitcoin (BTC). According to CrediBULL, a crypto analyst, XRP has surged over 90% against ETH in just two weeks, with expectations for another 98% rally. If achieved, this would position XRP above $5 based on ETH’s current price of $4,000.
The analyst noted that XRP’s price could climb by 30% in the short term, reclaiming a key range and surpassing $3 for the first time in over six years.
On November 21, CrediBULL predicted that XRP would achieve a new all-time high faster than anticipated. At the time, XRP was poised for a 250% gain from its November 21 price, retesting a four-year-long range.
Following this prediction, XRP rallied 170%, outperforming Bitcoin and Ethereum. The analyst believes XRP still has considerable momentum, with additional gains expected before hitting the initial target.
Chart Analysis Suggests Bullish Momentum for XRP/ETH Pair
Technical analysis of XRP/ETH on Binance’s 4-hour chart highlights a base forming near the 100% Fibonacci retracement level at 0.0006410 ETH. XRP is currently trading at 0.0006378 ETH, with projections for two potential upward moves.
Source: X
The first target is 0.0008055 ETH, a 25.86% increase by December 9. The second aims for 0.0012734 ETH, representing a 98.39% surge, by December 12. Key resistance zones include the 50% Fibonacci level at 0.0007228 ETH and the 0% level at 0.0008046 ETH.
XRP/USD Shows Mixed Signals Amid Recent Pullback
While the XRP/ETH pair appears bullish, XRP’s USD performance has shown retracement. As of press time, XRP was trading at $2.39, recording a decline of 4.10% in the last 24 hours.
Source: CoinMarketCap
Additionally, its market capitalization has fallen 4.48% to $136.58 billion, with a 24-hour trading volume of $12.29 billion, maintaining a Volume/Market Cap ratio of 8.99%.
On Binance’s 4-hour XRP/USD chart, XRP recently pulled back from a high of $2.91 to $2.3966, reflecting a 1.93% drop.
Source: TradingView
The MACD indicator reveals a bearish crossover, while the Relative Strength Index (RSI) at 45.50 signals neutral to slightly bearish conditions.
