As you can see, XRP has made quite the bullish move vs. Ethereum. However, I think this price action in the pair is a perfect opportunity to dump a coin with massive dilution problems and a dead narrative for one that will quickly outperform it.
Reasons for being bearish on XRP here -double top on XRP/ETH pair -use case for XRP in Defi has been overrun by newer and better projects -volume and transaction count on XRPL is in a sharp downtrend -every time XRP has a pump, it retraces the move in short order as whales and Ripple labs dump supply on bagholders/exit liquidity
Reasons for being bullish on ETH here -ETFs have been approved and accumulation starts soon -Massive TVL could cause price pressure to escalate -BTC ETFs pumped Bitcoin over 300%, ETH ETFs aren't priced in at ALL
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