XRP-Ethereum Ratio Sees 306% Gain Potential, Analyst Says
Crypto analyst Dark Defender has identified a potential technical setup in the XRP/Ether trading pair that could deliver a significant relative gain for XRP. According to the forecast, if the ratio climbs from its current level near 0.000551 ETH per XRP to a target of 0.002238, XRP could gain around 306% against Ether.
The analysis is based on an Elliott Wave sequence, which describes the market structure as a fourth-wave correction. The fifth wave, if it unfolds as mapped, would extend toward the 0.002238 zone. However, the chart does not imply that XRP will overtake Ethereum in total market capitalization.
The immediate measurable area to watch is between 0.0006487 and 0.0007773, which are Fibonacci resistance levels that must be reclaimed before the larger move can gain traction. The analyst noted that the ratio can rise under several market conditions, including XRP appreciating while Ether stays flat or both assets climbing at different rates.