Analyst maps 306% potential XRP/ETH upside, ETF access expands in US

Crypto analyst Dark Defender has identified a long-term technical pattern suggesting that XRP could outperform Ethereum by a wide margin if the current formation unfolds towards its projected target. The analysis is based on the XRP/ETH trading pair and indicates a possible fifth-wave rally to 0.002238 ETH per XRP, which implies a gain of roughly 306% from current levels.

XRP/ETH ratio highlights bullish scenario

Currently, the XRP/ETH ratio stands near 0.000551, according to independent market data. This ratio serves as a measure of how XRP performs relative to Ether within the cryptocurrency market. Dark Defender’s Elliott Wave analysis classifies the present setup as a fourth-wave correction, with a potential move towards the 0.002238 zone forming the fifth wave.

Data from Investing.com showed the XRP/ETH ratio at 0.000539 on September 11, down from 0.000570 three days earlier. Intermediate key levels at 0.0006487 and 0.0007773 have been marked as significant Fibonacci resistance points that must be reclaimed before a larger rally could materialize.

The analyst stated that XRP’s relative strength could improve not only if XRP rises while Ether stays flat, but also if both assets climb at different rates, or if both decline yet ETH falls further. The central theme is that the XRP/ETH ratio measures relative price performance, not absolute price movements in dollar terms.