$XRP {spot}(XRPUSDT) 🚨What’s Next for XRP Price?🚨 The te
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Updated at: 9 hours ago
{"content":"$XRP
{spot}(XRPUSDT)
🚨What’s Next for XRP Price?🚨
The technical structure for the XRP/ETH ratio shows a looming possibility that XRP price may underperform against Ethereum in the near term. With bullish signs emerging for Ethereum, traders may abandon other altcoins for ETH, causing Ripple’s token to post a weak performance. In this case, traders should expect a breach of the $2 psychological support level and a decline to $1.63.
Conversely, if traders decide to step in now, XRP price may bounce from the current support zone and possibly target $2.60 and eventually rally to $3.
In summary, XRP price risks further decline despite the 2% intraday gain. The XRP/ETH ratio that signals a 40% crash may cause Ripple’s token to underperform against Ethereum. If inflows to XRP dry up as traders reallocate capital to ETH, Ripple price may drop. Conversely, bouncing from a key support zone may push Ripple’s price past $2.60.
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