Don’t Ignore This XRP Signal: Strong XRP/ETH Ratio Defies Market Crash
- XRP shows relative strength vs ETH during market crash, holding XRP/ETH ratio well
- Egrag Crypto analysis sees current XRP drop mirroring historical pre-rally patterns
- Key support near $1.60 / 200MA tested; 50MA > 200MA keeps bull structure intact
XRP faced intense selling pressure Monday, dropping over 14% along with the broader crypto market. However, analysts are pointing to intriguing signs – specifically XRP’s relative strength against Ethereum and historical chart patterns – that might hint at underlying bullish potential even during the current turmoil.
While XRP’s USD price hit lows near $1.60 before settling around $1.79 (down 14.11% daily), analyst CrediBULL Crypto noted its pairing against Ethereum (XRP/ETH) held firm.
What Does XRP’s Strength vs. ETH Signal?
This relative strength, where XRP didn’t weaken as much against ETH, is seen by CrediBULL as a potentially bullish signal. He suggested this could mean XRP is gearing up for a strong reversal, especially if it reclaims the $2.00 to $2.20 resistance zone.
A break above that area, he argued, could confirm an impulsiv…
The post Don’t Ignore This XRP Signal: Strong XRP/ETH Ratio Defies Market Crash appeared first on Coin Edition.
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Don’t Ignore This XRP Signal: Strong XRP/ETH Ratio Defies Market Crash
- XRP shows relative strength vs ETH during market crash, holding XRP/ETH ratio well
- Egrag Crypto analysis sees current XRP drop mirroring historical pre-rally patterns
- Key support near $1.60 / 200MA tested; 50MA > 200MA keeps bull structure intact
XRP faced intense selling pressure Monday, dropping over 14% along with the broader crypto market. However, analysts are pointing to intriguing signs – specifically XRP’s relative strength against Ethereum and historical chart patterns – that might hint at underlying bullish potential even during the current turmoil.
While XRP’s USD price hit lows near $1.60 before settling around $1.79 (down 14.11% daily), analyst CrediBULL Crypto noted its pairing against Ethereum (XRP/ETH) held firm.
What Does XRP’s Strength vs. ETH Signal?
This relative strength, where XRP didn’t weaken as much against ETH, is seen by CrediBULL as a potentially bullish signal. He suggested this could mean XRP is gearing up for a strong reversal, especially if it reclaims the $2.00 to $2.20 resistance zone.
A break above that area, he argued, could confirm an impulsiv…
The post Don’t Ignore This XRP Signal: Strong XRP/ETH Ratio Defies Market Crash appeared first on Coin Edition.
Read More