Ethereum ( ETH ) has been the star of the current bull market, outperforming Bitcoin ( BTC ), but an analyst is suggesting that the second-ranked cryptocurrency by market cap might soon lose its crown to 0 to cryptocurrency analyst CrediBULL , XRP, the third-largest crypto by market cap, is positioning itself to outperform Ethereum in the coming 1 a September 2 X post , the analyst noted that a review of the XRP/ETH pair points to signs of a shift in momentum after a prolonged 2 price analysis chart.) is showing a bullish divergence, suggesting that while prices remain subdued, underlying momentum is beginning to turn 3 the same time, CrediBULL pointed out that a bullish divergence has already been confirmed on the daily timeframe, while another one is currently forming on the three-day 4 developments, combined with the broader market setup, strengthen the case for XRP to regain ground against ETH in the near 5 the technical picture plays out, XRP could be on track to reverse months of weakness versus 6 fundamentals Fundamentals are also backing the possibility of an XRP surge in the coming weeks, particularly as market attention turns to the potential approval of a spot XRP exchange-traded fund ( ETF ).
To this end, the Securities Exchange Commission (SEC) has until late October to issue a decision, with approval odds rising significantly after the conclusion of Ripple’s case with the regulator. Meanwhile, both assets continue to trade in tandem with the broader 7 has lost the $3 support, trading at $2.84, up over 2% in the last 24 hours. Ethereum, after institutional inflows fueled a move toward a record high near $5,000, has retreated slightly and was trading at $4,349 at the time of 8 image via Shutterstock
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