Key Insights:
- The price of XRP has outperformed ETH since Nov 2024, gaining over 250%.
- XRP is breaking out of a bullish wedge, eyeing $3.40.
- Whale activity in ETH is slowing, while XRP shorts are closing fast.
The XRP price has jumped 1.3% in the last 24 hours to trade at $2.10 on a 3.4% drop in trading volume to $2.61 billion.
This happens as XRP continues to outperform Ethereum (ETH) for 5 months straight. Meanwhile large ETH investors seem to be unloading their bags per onchain data, leading market participants to wonder whether XRP can keep up this momentum and flip ETH for good.
Crypto analyst Dom shared on X how XRP recorded five consecutive months of gains against ETH, a historic first.
The XRP price surged from $0.49 to $3.39 between Nov. 2024 and March 2025, gaining 250% against ETH. The asset recorded gains of 160.4%, 18.5%, 47.3%, 4.3%, and 19.6% against Ethereum, respectively, representing five months of green while ETH has been struggling.
Historically, XRP has had moments of outperformance, like that insane 439.6% spike in December 2017, but it has never been this consistent.
The chart shows a pattern of volatility, with XRP often swinging between big wins and brutal losses against ETH. However, this recent streak signals a potential shift.
XRP Price Courts 57% Gains
XRP price is attempting to break out of a falling wedge pattern that’s been running for 135 days now, a classic bullish setup. If price breaks out above this pattern and holds, XRP might go on a 57% pump, potentially soaring to the $3.4 level.
Up ahead, XRP price may find resistance around the $2.29 and $2.62 range, where the 50-day simple moving average (SMA) currently trends. If XRP price rises above this zone, it would trigger a bullish continuation.
Conversely, if bears gain momentum, support levels at $1.9 and $1.6 might come into play. The moving average convergence divergence (MACD) indicator is also hinting at a potential bullish crossover.
Onchain Metrics Suggest Whales Exiting ETH
According to IntoTheBlock, ETH whale accumulation slowed down over the last 8 days. Large holders netflow dropped from 392,000 ETH on April 9 to 70,450 ETH on April 17, signaling whales might be stepping back.
Exchange net inflows dropped to 652.14k ETH recently, down from 1.82 million ETH on April 7. If ETH whales start dumping on exchanges, the asset might witness some FUD and ETH’s loss of momentum could be XRP’s gain, especially if this whale slowdown keeps up.
Meanwhile, futures traders are closing their XRP shorts, per CoinGlass data. The XRP short liquidation trend is usually a major precursor to bullish pressure because when shorts get squeezed, it often triggers a rally as traders scramble to cover their positions.
Combined with the falling wedge breakout, this could be the fuel XRP needs to keep outperforming ETH. The market sentiment is shifting, and XRP holders may enter into more profits soon.
XRP’s five-month dominance over ETH is no fluke—it’s a sign of changing tides. With a potential 57% rally on the horizon, ETH whales slowing down, and traders closing XRP shorts, the asset is looking at a bullish future.
Nevertheless, Ethereum still has a massive ecosystem with DeFi and NFTs in its corner. If XRP can sustain this momentum and break key resistance, it might see a flip Ethereum sooner than expected.
Disclaimer
In this article, the views and opinions stated by the author or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
