XRP To Outperform Bitcoin And Ethereum: Key Levels For $1.56T Market Cap Growth
December 26, 2024
- XRP’s dominance could surge past key Fibonacci levels, signaling massive growth potential.
- Its smaller market cap allows faster dominance growth compared to Bitcoin and Ethereum.
- Key dominance targets suggest XRP could reach a market cap between $619.61B and $1.56T.
XRP is showing signs of an impending dominance surge as market dynamics shift. With Bitcoin’s dominance declining and Ethereum’s gradually rising, XRP emerges as a strong contender to outperform both.
According to analyst EGRAG CRYPTO, currently at 3.93% in market dominance, well past the important Fib 0.382, targets for XRP are held at the Fib 0.5 with a level of 5.57%. Analyst consensus predicts a sharp move much higher toward double-digit levels once closed above this pivotal point.
The Volume Range Volume Profile (VRVP) shows a gap above the 4.30% mark, reflecting very little resistance toward an ATH. The ‘KABOOM Green Zone’ starts at Fib 0.50-an area of potent upward momentum which could start to accelerate:.
Since the market capitalization of the cryptocurrency is lower than that of BTC and ETH, it has a higher multiplier effect, which enables faster growth when the market is in a bullish phase.
In a similar vein, total crypto market capitalization gains paint a pretty picture of excellent upside for the case of the cryptocurrency. Namely, suppose the price against the global crypto market approaches new year highs, especially at the Fibonacci extension targets-one at the Fib 1.414 $7.25 trillion.
In that case, the dominance level suggests that the security could likely reach substantial valuations. With its market dominance of 11.44%, the cryptocurrency, for a market capitalization of $5.42 trillion, will increase its market capitalization to $619.61 billion and $828.80 billion if it scales to $7.25 trillion.
However, in such a scenario, once its dominance grows further up to 15.22%, the valuation may pop up to $824.68 billion and $1.10 trillion, respectively. On the contrary, for its dominance rate of 21.5%, XRP at Fibonacci 1.414, the market cap will scale to $1.16 trillion, while for Fibonacci 1.618, it will hit a high of $1.56 trillion.
The current market conditions in many ways favor XRP having a rapid growth of dominance. Everything according to historical data and according to the technical indications contemplates the scenario where XRP is going to gain greater shares of the general cryptocurrency market.
With a smoother resistance above key VRVP levels, the trajectory for XRP is very promising considering the multiplier effect derived from XRP’s relatively small market capitalization. For level dominance, the key thresholds investors are keeping their watch on are at Fib 0.702 – 11.44%, Fib 0.786 – 15.22%, and Fib 0.888 – 21.5%.
A breakout above any one of these thresholds can officially position XRP as the next dominant force in the subsequent market cycle, with a probable top market capitalization value reaching up to around $1.5 trillion in the next years to come.
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