Can XRP make a Q3 comeback, rattle Ethereum’s dominance? Mapping…

Key Points

1. XRP and ETH both show elevated Funding Rates, indicating bullish sentiment among leveraged traders.

2. XRP/ETH ratio rebounded from a 30% drop to hover near 0.0009, suggesting a potential local bottom and historical precedent for XRP strength.

3. XRP's on-chain dynamics show whales accumulating 310 million XRP in June, making them the dominant cohort by supply for the first time this cycle.

4. Ethereum led altcoins with a 36.48% rally in Q2, while XRP gained only 7.2% over the same period, highlighting a divergence in performance.

5. Historical data from Q1 shows XRP/ETH surged 83% as capital rotated away from ETH into XRP, raising questions if Q3 could see a similar trend.