As a seasoned researcher with over a decade of experience in the crypto market, I find Egrag Crypto’s prediction intriguing, although it requires a pinch of salt due to its boldness. While XRP has shown significant potential and growth, outperforming both Bitcoin and Ethereum is a tall order given their established dominance and large market caps. However, if we consider the Fibonacci levels and VRVP analysis, there seems to be a case for a potential surge in XRP’s dominance.
According to crypto expert Egrag Crypto, he daringly foresees that the value of XRP could surpass both Bitcoin and Ethereum. His comprehensive assessment indicates that XRP potentially offers a significantly larger increase in value compared to Bitcoin (BTC) and Ethereum (ETH).
XRP Price To Outperform Bitcoin And Ethereum
In an X post, Egrag Crypto predicted that the XRP price would outperform Bitcoin and Ethereum as he envisages XRP’s market cap could reach between $619.61 billion and $1.56 trillion. With XRP’s dominance and market potential, the crypto asserted that it has a much higher multiplier than the two largest coins by market cap.
Egrag Crypto elaborated on why a significant increase in XRP’s price control is likely to occur soon. The crypto expert pointed out that XRP’s control currently stands at 3.93% above the Fibonacci 0.382 level, and if the cryptocurrency manages to close above the Fib 0.5 (5.57%), then XRP might experience a rise in dominance into double digits.
Egrag Crypto mentioned that the XRP price’s VRVP is showing a void above 4.30%, meaning less resistance and a smoother road to an all-time high (ATH) and beyond. The analyst remarked that the “Kaboom green zone” starts at Fib 0.50, signaling a big move ahead for the crypto.
Egrag Crypto added that the XRP price’s smaller market cap offers higher upside potential. This means the crypto could enjoy faster dominance growth as it catches up with the broader altcoin rally and takes Lion’s share. The crypto analyst highlighted three key levels to watch for XRP’s dominance.
This includes Fib 0.0702, which puts the XRP price’s dominance at 11.44%, and Fib 0.786 and 0.888, which puts the dominance at 15.22% and 21.5%, respectively. Meanwhile, the crypto analyst predicts that the total crypto market cap could hit $5.42 trillion or $7.25 trillion if it reaches Fib 1.414 and Fib 1.618, respectively. This would put XRP’s market cap at $1.16 trillion or $1.56 trillion if the crypto hits a 21.5% dominance.
A Rally To ATH Remains The Short-Term Target
After achieving an increase of more than 200% so far this year, the immediate goal for the price of XRP is a surge to its all-time high (ATH) of approximately $3.80. Crypto expert Javon Marks anticipates that XRP might reach this level soon and even surpass it, predicting a new ATH of around $4.8.
He noted that the XRP price touched the $2.47 target and broke above it briefly before dropping this resistance level again. However, with this representing a low time-frame bull signal, movement above this resistance level could be imminent, which Marks predicted would pave the way for a rally to $4.8.
Currently, as I’m typing this, the value of XRP stands approximately at $2.19. However, in the past 24 hours, it has experienced a decrease of more than 4%. These figures are derived from market data provided by CoinMarketCap.
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2024-12-26 23:46