ETH’s Momentum Builds as Mayer Multiple Rises; XRP Could Be Poised to Outpace BTC

Altcoin Momentum Builds: XRP Eyes Breakout Against Bitcoin, ETH Shows Strength, BTC Lags

XRP vs. BTC: Multi-Year Breakout in Sight

XRP has not only surged over 60% this month in dollar terms—hitting record highs above $3.50—but it may also be gearing up for a major rally against Bitcoin. On Binance, the XRP/BTC trading pair is testing the upper boundary of a multi-year consolidation channel that dates back to early 2021.

Such prolonged sideways structures often act as accumulation zones. Once broken, they tend to release significant directional moves, and XRP’s positioning at the top of this channel suggests an imminent breakout may be underway.

Backing this outlook, the Guppy Multiple Moving Average (GMMA) has turned bullish for the first time since 2018, with short-term EMAs crossing above long-term ones—an historically reliable indicator of trend reversals and momentum shifts.

XRP/USD: Technical Strength Confirmed by Golden Cross

XRP also looks technically sound on its USD pair. Over the weekend, the asset successfully retested support at $3.39—formerly a key resistance level—in a classic breakout-retest pattern. This suggests strong buyer commitment.

The recent golden cross, where the 50-day SMA has moved above the 200-day SMA, reinforces the bullish momentum. Key resistance lies at $3.66 and $4.00, while a break below $3.35 would indicate weakening strength and open the door to deeper downside levels.

Analyst Insight: A confirmed breakout above XRP/BTC’s multi-year ceiling could significantly accelerate XRP’s outperformance vs. BTC. Traders are likely to seek a high-volume close above the range before entering aggressively.

XRP Key Technical Levels

• Resistance: $3.66, $4.00
• Support: $3.35, $3.00, $2.65

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Ethereum: Mayer Multiple Signals Growing Momentum

Ethereum continues to display strength, with the Mayer Multiple—used to measure spot price performance relative to the 200-day moving average—surpassing its December 2024 high. It now sits at its strongest level since March 2024.

This momentum is backed by a rising 50-day SMA and a pending bullish crossover between the 100-day and 200-day SMAs. Although resistance at $4,000 could temporarily cap gains due to options dealer gamma hedging, ETH looks poised for further upside toward $4,109 and potentially $4,382.

Analyst Insight: The Mayer Multiple reflects growing momentum in ETH. If confirmed by price action, Ethereum could soon reclaim and push beyond its December peak.

ETH Key Technical Levels

• Resistance: $4,000, $4,109, $4,382
• Support: $3,480, $3,081, $2,879

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Bitcoin: Momentum Fades as Price Consolidates

Bitcoin’s price remains range-bound, fluctuating around the 50-, 100-, and 200-hour moving averages, which are now tightly packed and flat—a classic sign of fading trend strength.

A failure to hold above $116,539 would signal buyer exhaustion and could push BTC toward the $111,965 zone, marking a return to its May highs. A move above $120,000 remains key for bullish continuation, though repeated rejections since mid-July highlight the strength of overhead resistance.

Analyst Insight: With moving averages flatlining, BTC appears stuck in consolidation. Market participants may stay on the sidelines until a breakout confirms the next trend direction.

BTC Key Technical Levels

• Resistance: $120,000, $123,181
• Support: $116,539, $115,739, $111,965

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Solana: Breakout Confirmed as Indicators Stay Bullish

Solana (SOL) has cleared a crucial resistance level near $185, supported by strong technical momentum. The MACD histogram is expanding above the zero line, and the RSI has pushed beyond 70—both pointing to accelerating bullish strength.

With the Mayer Multiple at its highest since January, momentum appears firmly in favor of the bulls. However, any drop back below $177 would raise the risk of a pullback toward $168 or $157.

Analyst Insight: Overbought RSI conditions could lead to short-term consolidation, but the broader setup remains bullish as long as SOL stays above $177.

SOL Key Technical Levels

• Resistance: $200, $218, $252–$264
• Support: $185, $168, $157

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