Will the second largest cryptocurrency set lose its place? Expert responds to the debate between XRP and Ethereum ⋆ ZyCrypto

Will the second largest cryptocurrency set lose its place? Expert responds to the debate between XRP and Ethereum ⋆ ZyCrypto

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The long-running debate between XRP and Ethereum has resurfaced, with analysts divided over which asset is likely to perform better in the coming months.

A recent market update by CryptoBull highlighted a potentially decisive moment on the XRP/ETH chart, noting that XRP’s recent bounce from a critical support zone mirrors patterns seen in 2017.

The chart formed a falling wedge, a setup that historically precedes strong bullish momentum, causing some traders to speculate that XRP could outperform Ethereum in the near term before Ethereum regains dominance later on.

Ethereum, however, is firmly entrenched as the second-largest cryptocurrency, and its price action continues to reflect investor caution ahead of major macroeconomic events.

After a sharp correction, ETH found solid support between $3,900 and $3,950. Market watchers suggest that the recent selling was mainly due to investors reducing risk ahead of the Federal Reserve’s FOMC meeting.

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If US Federal Reserve Chair Jerome Powell takes a dovish tone, analysts expect Ethereum to regain momentum and potentially reclaim its $4,400 resistance level.

Meanwhile, XRP has shown surprising resilience. After reclaiming a key technical level, traders see potential for a quick move towards $3.00 if the current momentum holds.

However, a drop below the recovered zone could see prices revisit the lower $2 range.

XRP’s overall outlook depends on several important catalysts, including the resolution of Ripple’s long-running issue. lawsuit with the SEC and the pending ETF presentations from top companies.

A favorable ETF approval could be a turning point for institutional adoption, while setbacks can slow progress.

In other news, Ripple recently lost Western Union to Solana over stablecoin integration, signaling increased competition in cross-border payments. However, partnerships with Santander, SBI Holdings, and the launch of the RLUSD stablecoin keep XRP relevant in the market.

On the other hand, Fusaka’s upcoming Ethereum upgrade and possible approval of staking-enabled ETFs could strengthen its leadership in DeFi and institutional adoption.

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