XRP Dominance Expected to Increase by 21% to 275% in Bullish Surge

A well-known cryptocurrency analyst, EGRAG CRYPTO, recently shared an extensive analysis indicating that an exciting bullish move is on the horizon for XRP Dominance within the cryptocurrency market. After carefully examining various factors, the analyst presented a detailed chart and a Fibonacci-based projection table to provide valuable insights into the potential future outlook for XRP.

Highlighting a bullish pennant formation that has already undergone a breakout, EGRAG CRYPTO pointed out that this pattern typically signals a strong upward momentum. The resulting measured move from this breakout predicts a considerable surge in XRP Dominance, ranging from 21% all the way up to 275%, setting the stage for what he refers to as a potentially explosive “Kaboom” phase.

Based on the analysis, EGRAG CRYPTO drew attention to the Visible Range Volume Profile (VRVP) indicator, which highlighted a notable void above the 5.75% dominance level. This void signifies a lack of historical resistance within that range, suggesting that if XRP Dominance manages to close above 5.75%, it could swiftly advance towards higher Fibonacci levels.

Although XRP Dominance has exhibited significant strength, EGRAG CRYPTO has set ambitious targets. The accompanying projection table outlines potential market cap scenarios based on Fibonacci retracement levels. For instance, if XRP were to represent 5.75% dominance at Fib 0.5 with a $10 trillion crypto market cap, it would translate to a market cap of $575 billion and a price around $9.71.

Subsequently, with a dominance of 8% at Fib 0.618, XRP could have a market cap of $800 billion and a price of approximately $13.52. Progressing further, at Fib 0.702, a dominance level of 11.44% would result in a market cap of $1.44 trillion, placing XRP at $24.33. Similarly, at Fib 0.786, a dominance of 15.22% would correspond to a market cap of $1.522 trillion and a price of about $25.71.

Finally, at Fib 0.888, XRP’s dominance would peak at 21.54%, aligning with a market cap of $2.154 trillion and a price close to $36.39. It is worth noting that the analyst has previously established a dominance target of 27%, and these projections could signify progress towards reaching that ultimate goal.

EGRAG CRYPTO’s analysis underscores the crucial importance of surpassing the 5.75% threshold to initiate the anticipated Kaboom phase. This phase is envisioned to unleash a significant “Mega Bullish Wave” for XRP Dominance, bolstered by technical patterns and the prevailing market landscape. The analyst suggests that the community may not fully grasp the considerable potential of this impending move, emphasizing the need for increased bullish sentiment.