Analyst Says XRP Price Will Outperform Bitcoin And Ethereum, Reveals ‘Secret Under The Hood’
26 Dezembro 2024 - 5:30PM
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Crypto analyst Egrag Crypto has boldly predicted that the XRP price
will outperform Bitcoin and Ethereum. The analyst provided an
in-depth analysis showing that XRP has a much higher multiplier
than BTC and 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. Related Reading: Dogecoin Price Breaks Out Of
Symmetrical Triangle Pattern, Analyst Puts Target Above $0.37 Egrag
Crypto went further to explain why an explosive surge in the XRP
price’s dominance is imminent. The crypto analyst noted that XRP’s
dominance is currently at 3.93% above the Fibonacci 0.382 level,
and if the crypto closes above Fib 0.5 (5.57%), then XRP could
witness a double-digit dominance ahead. 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 Having already enjoyed a year-to-date (YTD) gain
of just over 200%, the short-term target for the XRP price is a
rally to its current ATH of $3.80. Crypto analyst Javon Marks
suggested that XRP could soon reach this target as he predicted a
rally to a new ATH of $4.8. Related Reading: Possible Deep
Correction Could Push Cardano Price To $0.43, Here’s How 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. At the time of writing, the
XRP price is trading at around $2.19, down over 4% in the last 24
hours, according to data from CoinMarketCap. Featured image
created with Dall.E, chart from Tradingview.com
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