
CrediBULL Crypto|Apr 07, 2025 08:42
Despite the HTF bearish divs on XRP/ETH, the pairing continues to hold up very well.
XRP has hit my downside target on the USD pairing at 1.60, but the XRP/ETH pairing has barely moved to the downside in that same window of time.
If we do reclaim the range (break back above 2-2.20) and the PO3 on the XRP USD pairing is going to play out, then it may mean that XRP is even stronger than originally anticipated and the XRP/ETH pairing may not get a larger pullback after all.
The alternate is that XRP breaks down from the current buy zone and that weakness might then translate to the XRP/ETH chart.
Of the two scenarios I lean towards the former (extra bullish XRP/ETH) simply because between XRP and ETH, XRP has displayed much more impulsive PA prior to this market-wide correction than ETH. Assuming we hold the 1.60 zone, this impulsive PA should continue on a market-wide rally.
This correction down to 1.60-ish was a window of opportunity for ETH to hold relatively strong while XRP dropped (sending XRP/ETH down) but we didn't see that.
For now going to simply keep observing until we get more PA to work with.
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