A The bold claim goes viral In cryptocurrency circles, XRP may not be just a token for payments and settlements anymore. According to a popular cryptocurrency analyst, the altcoin’s next upward move could position it as an Ethereum killer. Meanwhile, other voices are urging stockholders to watch for new signs that the next rally may be closer than most expect.
Pure XRP Chart and Ethereum Killer Story
XRP is Slowly return to bullish sentiment With steady recovery from Market-wide cryptocurrency collapse at the end of the week. Interestingly, there is a new narrative building up among investors, with a well-known analyst known as Alex Cobb on social media platform X predicting that the cryptocurrency will obliterate Ethereum in its next rally.
The interesting name came when legendary trader Peter Brandt shared a long-term chart showing the price movement of XRP in a symmetrical consolidation pattern on the weekly candlestick time frame. “Was there a purer long-term blueprint?” Brandt wondered.
The chart structure shows the price breaking above a long-term symmetrical triangle in late 2024, but has been consolidating within a relatively stable range since then. It is expected that once this upper band is broken, it will lead to a strong follow-through for the token price.
The clarity and structure of the chart caught the attention of many cryptocurrency participants, and analyst Alex Cobb interpreted it as a signal of an upcoming breakout that is set to challenge Ethereum. “The next step for XRP will be the Ethereum killer.” He said.
Cobb’s claim is based on a simple but powerful idea that resonates with many XRP enthusiasts. When the altcoin finally breaks out cleanly and maintains upward momentum, the amount of inflow will be enough to challenge Ethereum as the largest altcoin. Notably, this result also depends on the success of Spot XRP ETFs, if and When they finally made it to the American market.
Liquidity, on-chain signals and the next wave
Outside of XRP price charts, some analysts are looking at capital flows and on-chain signals as real drivers of the next phase. For example, Ripple cryptocurrency analyst Bull Winkle believes that the next major wave for the token is much closer than most people think.
His view is based on the increasing shift in blockchain liquidity, which he says signals a new phase of market movement. Earlier this week, more than $250 million in USDC coins were minted in the USDC treasury, and according to Paul Winkle, such a large issuance of the stablecoin is no coincidence.
It represents institutional liquidity that is preparing to move into some cryptocurrencies, where the token is included as a natural channel. “Get ready, everyone. XRP is about to make history.” He said.
At the time of writing, The token is trading at $2.51, By 1.5% during the past 24 hours.
Featured image from iStock, chart from Tradingview.com
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