Analyst Says XRP Price Will Outperform Bitcoin And Ethereum, Reveals ‘Secret Under The Hood’
cryptocurrency analyst Egrag Cryptocurrency Bold prediction that XRP price will outperform Bitcoin and Ethereum. In-depth analysis provided by analysts shows that XRP’s multiplier is much higher than that of BTC and ETH.
XRP price outperforms Bitcoin and Ethereum
in a X postsEgrag Crypto predicts that the price of XRP will outperform Bitcoin and Ethereum, as he predicts that XRP’s market capitalization could reach $619.61 billion to $1.56 trillion. With XRP’s dominance and market potential, the cryptocurrency claims its multiplier ratio two largest coins By market capitalization.
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Egrag Crypto further explains why XRP price dominance is about to see an explosive surge. Cryptocurrency analysts noted XRP Dominance The price is currently 3.93% above the 0.382 Fibonacci level and if the cryptocurrency closes above the Fibonacci 0.5 (5.57%), then XRP may witness double-digit dominance in the future.
Egrag Crypto mentioned that the VRVP of XRP price shows a gap of over 4.30%, which means less resistance and a smoother path. All Time High (ATH) and beyond. The analyst said that the “Kaboom Green Zone” begins at Fib 0.50, which signals significant progress for the cryptocurrency.
Egrag Crypto added that the XRP price’s smaller market cap offers higher upside potential. This means the cryptocurrency could enjoy faster growth in dominance as it catches up with the broader altcoin rally and takes share of the lion’s share. The cryptocurrency analyst highlighted three key levels to watch for XRP dominance.
These include Fib 0.0702, which gives XRP price dominance of 11.44%; Fib 0.786 and 0.888, which gives XRP price dominance of 15.22% and 21.5% respectively. Meanwhile, cryptocurrency analysts predict Cryptocurrency total market capitalization If it reaches Fib 1.414 and Fib 1.618 respectively, it could reach $5.42 trillion or $7.25 trillion. This would bring XRP’s market capitalization to $1.16 trillion, and if the cryptocurrency holds 21.5% dominance, its market capitalization would reach $1.56 trillion.
ATH rebound remains short-term target
With year-to-date (YTD) gains of over 200%, the short-term target for XRP price is a rebound to the current ATH of $3.80. cryptocurrency analyst Javon Marks Suggesting that XRP may reach this target soon, as he predicts a rally to a new $4.8.
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He noted that XRP price hit Target $2.47 and briefly broke above that resistance before falling below it again. However, since this represents a bullish signal on a lower time frame, a break above this resistance level could come soon, with Marks predicting that this would pave the way for a rally to $4.8.
According to data From CoinMarketCap.
Featured image created using Dall.E, chart from Tradingview.com
