- XRP is testing the 0.5 Fibonacci retracement level, a historically significant reversal zone.
- A 27% market dominance could elevate XRP’s market cap to $1.485 trillion and drive price targets toward $27.
- Technical indicators show a balanced market with no clear breakout signal yet, reflecting cautious investor sentiment.
XRP’s dominance in the cryptocurrency market is approaching a critical juncture. Based on chart data, XRP currently trades at $2.16, reflecting a modest 1.5% daily increase. XRP has established a support level at $2.12, while its immediate resistance lies at $2.17. The market is closely watching the dominance metric, which now stands at 27%, as XRP tests a significant Fibonacci level once again.
XRP Tests Key 0.5 Fib Resistance Amid Bull Flag Setup
According to the chart shared by Egrag Crypto, a macro resistance exists at the 0.5 Fibonacci retracement level. Historically, this level has proven to be a turning point, seen in October 2019 and November 2020, and most recently in January and March 2025.
In 2019 and 2020, it coincided with the start of broader market downturns. This same level has emerged again in the 2025 cycle, with price action repeatedly testing it. The chart also presents a classic bull flag formation, which typically precedes a sharp upward move. If this breakout materializes, the expected dominance increase is projected to reach 27%, a crucial threshold.
XRP Targets $27 Amid Rising Market Dominance
Should XRP reach 27% dominance, it implies significant growth in the total crypto market cap. Calculations based on this dominance rate suggest a total market capitalization of around $5.5 trillion. A 27% share of that valuation would position XRP’s market cap at approximately $1.485 trillion. If achieved, XRP’s price could move towards the $27 mark.
This zone, coupled with historical data, underlines the significance of current price action. The price trajectory towards the $27 XRP target would rely on pushing beyond this macro barrier.
Technical Indicators Signals Mixed Momentum
The recent hourly chart for XRP market cap reveals uncertain momentum as key indicators display mixed signals. The Relative Strength Index (RSI 14) stands at 56.49, while its moving average is at 47.26. suggesting no immediate overbought or oversold conditions. This aligns with a consolidating market phase rather than a breakout or breakdown.
The MACD line shows a small bullish momentum as it trades above the signal line. The histogram is positive offset by previous negative values including -367.96M. This highlights reduced strength in upward momentum. Together, the indicators point to cautious activity, with buyers and sellers appearing balanced for now. Short-term confirmation may depend on further volume shifts.
