- XRP’s dominance could surge, surpassing 5.57%, signaling explosive growth potential.
- Smaller market cap gives XRP higher upside, making it a prime growth candidate.
- Key Fibonacci levels show XRP’s market cap could hit $1.56 trillion with growth.
XRP, the digital asset that has often been overshadowed by Bitcoin (BTC) and Ethereum (ETH), may soon surge to new heights. As the cryptocurrency market evolves, XRP is showing signs of dominance, positioning itself as a key player that could outperform both BTC and ETH in the coming months. According to EGRAG Crypto, XRP’s market cap potential could range from $619.61 billion to $1.56 trillion, a significant jump from its current standing.
Surge in XRP Dominance Ahead
Currently holding a dominance of 3.93%, XRP is positioned above the Fibonacci 0.382 level. If XRP manages to close above the 5.57% dominance threshold (Fibonacci 0.5), the cryptocurrency could experience a surge to double-digit dominance.
This would place XRP on a trajectory to compete with ETH and BTC in terms of market influence. The potential for growth is substantial, especially as BTC’s dominance continues to decline and ETH’s dominance rises steadily.
Technical Indicators Point to Less Resistance
XRP’s chart shows a promising outlook, with the Volume-Weighted Average Price (VWAP) indicating a void above 4.30%. This suggests that there is less resistance in this range, offering XRP a smoother path toward achieving new all-time highs (ATH).
As XRP breaks past the Fibonacci 0.50 level, a significant price movement could follow, potentially triggering a “KABOOM” rally. Analysts believe this is the beginning of a major uptrend for XRP.
XRP’s Smaller Market Cap Equals Higher Upside Potential
One of the key reasons for XRP’s explosive potential is its smaller market cap compared to BTC and ETH. A smaller market cap allows for faster growth and quicker increases in dominance.
As XRP gains traction, it will likely capture a larger share of the broader altcoin rally, positioning itself as one of the top performers. The combination of lower market cap and high growth potential makes XRP an appealing asset for investors looking to capitalize on a future rally.
Key Levels to Watch for XRP Dominance
XRP’s growth potential is also tied to specific dominance levels. If the total market cap reaches the Fibonacci 1.414 level ($5.42 trillion), XRP’s dominance could increase to 11.44%, giving it a market cap of approximately $619.61 billion.
A further increase to the Fibonacci 1.618 level ($7.25 trillion) could push XRP’s dominance to 15.22%, with a market cap of $824.68 billion. If XRP achieves dominance levels of 21.5%, the market cap could soar to $1.56 trillion.
As of press time, the price of XRP is $2.18, with a 24-hour trading volume of $5.54 billion. However, XRP has seen a 3.00% decline in the last 24 hours.