XRP News Today: XRP Dominance Poised for 21% to 275% Bullish Surge

EGRAG CRYPTO, a prominent cryptocurrency analyst, has shared an in-depth analysis suggesting that XRP Dominance is on the verge of a significant bullish move. The analysis includes a detailed chart and a Fibonacci-based projection table, offering insights into potential future scenarios for XRP within the broader cryptocurrency market.

The chart highlights a bullish pennant formation that has already broken out, a pattern often seen as a strong indicator of upward momentum. According to EGRAG CRYPTO, the measured move from this breakout projects an increase in XRP Dominance ranging from 21% up to 275%, setting the stage for what he refers to as a “Kaboom” phase.

EGRAG CRYPTO’s analysis points to the Visible Range Volume Profile (VRVP) indicator, which identifies a significant void above the 5.75% dominance level. This void suggests low historical resistance in that range, meaning that if XRP Dominance manages to close above 5.75%, it could accelerate toward higher Fibonacci levels.

While XRP Dominance has shown notable strength, EGRAG CRYPTO has set high targets. The accompanying table further illustrates potential market cap scenarios based on Fibonacci retracement levels. At Fib 0.5, XRP could represent 5.75% dominance. If the crypto market reaches a market cap of $10 trillion, which is EGRAG CRYPTO’s highest projection, XRP would have a market cap of $575 billion, implying a price of approximately $9.71.

At Fib 0.618, XRP’s dominance will increase to 8%, equating to a market cap of $800 billion and a price of around $13.52. Moving higher, Fib 0.702 reflects 11.44% dominance and a market cap of $1.44 trillion, placing XRP at $24.33. At Fib 0.786, dominance reaches 15.22%, resulting in a market cap of $1.522 trillion and a price of about $25.71.

Finally, at Fib 0.888, XRP’s dominance peaks at 21.54%, corresponding to a market cap of $2.154 trillion and a price near $36.39. The analyst has previously set a dominance target of 27%, and these targets could be a precursor to the final 27% target.

EGRAG CRYPTO’s post emphasizes that surpassing the 5.75% threshold is critical for triggering what he describes as the Kaboom phase. This phase is expected to unlock a “Mega Bullish Wave” for XRP Dominance, supported by technical patterns and the current market structure. He asserts that the community may not yet be “bullish enough” for the potential scale of this move.