XRP Bulls Dominate: CredibleCrypto Sees 98% Growth Potential Against ETH

• XRP has surged 90% against ETH, with a near-term target of $3 and potential highs above $5 amid strong bullish momentum.
• Analyst CredibleCrypto predicts XRP/ETH could climb 25.86% by Dec 9 and 98.39% by Dec 12, targeting critical resistance zones.
• Strong support at 0.0006410 and rising demand zones indicate buyers’ control, reinforcing XRP’s bullish outlook for sustained gains.

XRP has surged over 90% against Ethereum since analyst CredibleCrypto predicted its significant outperformance two weeks ago. This bullish momentum positions XRP for continued gains, with projections indicating a climb to $3 in the near term. At current ETH prices of $4,000, the further upward movement could push XRP beyond $5, signaling the strongest performance in over six years.

The current price of XRP/ETH stands at 0.0006378, reflecting steady bullish momentum with a 1.80% uptick. Significantly, the chart highlights a consolidation zone following a previous rally, with a key support level near 0.0006410. Buyers appear to maintain control, signaling strong accumulation at this level. Moreover, critical Fibonacci retracement zones suggest the potential for further upward moves as bulls regain dominance.

Key Levels and Projections

CredibleCrypto’s analysis identifies two primary bullish scenarios for XRP/ETH. The first projection outlines a 25.86% surge to 0.0008055 by December 9, 2024, breaching a critical resistance zone. Beyond this, a larger move targets a 98.39% increase to 0.0006311 by December 12, 2024. These levels align with historical highs and critical Fibonacci retracement areas, emphasizing the market's strong bullish undertones.

Support levels remain robust, particularly near the 0.0006410 zone. Besides, areas of prior demand marked as green zones signal increased buying activity, further fortifying price stability. If tested, these zones could act as springboards for upward movement, enhancing the bullish structure.

Short-Term Outlook and Market Sentiment

In the immediate short term, XRP aims to reclaim its lower timeframe range. Consequently, this move could drive a 30% surge, pushing XRP above $3 for the first time since 2018. The overall recovery structure suggests buyers remain in control following the recent price correction.

Moreover, Fibonacci retracement levels combined with historical highs and demand zones offer trading opportunities. If XRP sustains its current bullish momentum, it could set a strong precedent for continued outperformance against ETH and BTC.

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