Analysts predict a potential increase of 306%, and U.S. ETF access will expand

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Analysts pointed to the existence of a long-term technical form for the XRP/ETH trading pair, with a potential increase of 306%

Cryptocurrency analyst "Dark Defender" identified a long-term technical form, indicating that if the current form develops in the expected direction, XRP is expected to significantly outperform Ethereum. The analysis is based on the XRP/ETH trading pair and points to the possibility of a fifth rebound to a level of 0.002238 ETH per XRP, which means an increase of approximately 306% relative to current price levels.

XRP/ETH ratio highlights bullish scenarios

According to independent market data, the XRP/ETH ratio is currently close to 0.000551. This ratio is an important indicator of XRP's performance relative to Ethereum in the cryptocurrency market. "Dark Defender"'s Elliott Wave Theoretical Analysis classifies the current trend as a fourth wave of correction and predicts that a move towards the 0.002238 area may form a fifth wave of uptrend.

Data from Investing.com showed that the XRP/ETH ratio on September 11 was 0.000539, down from 0.000570 three days ago. Analysts have marked two key intermediate levels of 0.0006487 and 0.0007773 as important Fibonacci resistance levels that must be breached to achieve a greater rally.

The analyst said that the relative strength of XRP will not only improve when XRP prices rise and Ether is flat, but also improve when the two assets rise at different rates, or when both fall but Ether falls deeper. The core idea is that the XRP/ETH ratio measures relative price movements rather than absolute price changes in U.S. dollars.

If the XRP/ETH ratio climbs from 0.000551 to the target of 0.002238, the relative gain of XRP compared to Ethereum will be approximately 306%. However, this setting focuses on comparative performance rather than a four-fold increase in the XRP dollar price. This technical form does not mean that the total market value of XRP will exceed Ethereum, it only tracks the potential overperformance of one asset relative to another at a specific price ratio.

The market value gap is still huge.

Recent market data shows that XRP is trading at approximately US$1.37. Based on a circulating supply of approximately 62.87 billion units, its market value is close to US$86 billion. Ethereum currently trades at $2,458 and has an estimated market value of approximately $300 billion. Bitcoin continues to dominate, valued at nearly $1.55 trillion and priced at nearly $77,230.

Assets Latest Prices Market Value Circulation Supply Bitcoin $77,230 $1.55 trillion 20.1 million Ethereum $2,458 $300 billion 122.1 million XRP $1.37 $86 billion 6.287 billion

Assuming Ethereum's indicators remain unchanged, XRP needs to increase its market value by 3.5 times to surpass Ethereum in terms of market value; and to surpass Bitcoin, XRP needs to increase its value by 18 times. Market value is calculated by multiplying the price by the amount of circulating supply. This indicator does not directly show how much investor money is flowing into an asset, so a $1 billion increase in market value does not always correspond to a $1 billion increase in new investment.

Greater access through U.S. -listed XRP ETFs

With the approval of new ETFs, access channels for regulated institutions in the United States to XRP are expanding. The Bitwise XRP ETF and Canary XRP ETF registered by the SEC allow investors to access the token through mainstream financial channels. Bitwise is a U.S. based digital asset management company, while Canary is a financial institution that provides innovative ETF solutions.

Micro Dictionary: ETF (Exchange Traded Fund), a type of investment fund traded on a stock exchange that provides exposure to a basket of assets or specific assets (such as cryptocurrencies), while providing investors with a regulated and easily accessible market entry.

These technological developments coincided with broader risk aversion in financial markets, including a $15.52 billion outflow from equity funds amid rising oil prices and expectations of tightening monetary policy.

Analysts emphasized that the area between 0.0006487 and 0.0007773 is an area that requires immediate attention, while the move towards 0.002238 is still a forecast scenario rather than an established trend.