Fun

Analyst Says XRP Price Will Outperform Bitcoin And Ethereum, Reveals ‘Secret Under The Hood’

News Feed - 2024-12-27 05:12:42

Este artículo también está disponible en español.


Crypto analyst Egrag Cryptohas 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 coinsby market cap.  Related Reading Dogecoin Price Breaks Out Of Symmetrical Triangle Pattern, Analyst Puts Target Above $0.37 1 day ago


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 dominanceis 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.  Source: X


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.  Source: X


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 capcould 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 Markssuggested 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 1 day ago Source: X


He noted that the XRP price touched the $2.47 targetand 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.  Source: X


At the time of writing, the XRP price is trading at around $2.19, down over 4% in the last 24 hours, according to datafrom CoinMarketCap.  Price moving back above $2.1 | Source: XRPUSDT on Tradingview.com Featured image created with Dall.E, chart from Tradingview.com

News Feed

Japan Adopts Legislation Establishing Legal Framework for Stablecoins
Japan Adopts Legislation Establishing Legal Framework for Stablecoins The parliament of Japan has approved a draft law tailored to regulate stablecoins in the country and protect i
Prashant Jha46 minutes agoHong Kong crypto VC opens $100M fund for Asian blockchain startupsThe “Titan Fund” has already made five investments in different blockchain startups, with two going toward Hong Kong-based p
BTC price hits $65K as rumor Middle East tensions over boosts Bitcoin
William Suberg23 minutes agoBTC price hits $65K as rumor Middle East tensions over boosts BitcoinBitcoin liquidates shorts as seesaw BTC price moves accompany changing geopolitical signals.300 Total views1 Total sharesLi
Stablecoins would help US keep up with China — Former House speaker
Brayden Lindrea4 hours agoStablecoins would help US keep up with China — Former House speakerThe need for the U.S. to implement dollar-backed stablecoins “couldn’t be timelier” as China continues to come up with
Demand for Crypto Analytics Continues as Messari Raises $21 Million
Demand for Crypto Analytics Continues as Messari Raises $21 Million The crypto analytics and market intelligence company Messari revealed on Thursday the firm ha
Brayden Lindrea4 hours agoBinance, Coinbase and Gemini staff are among the least happy, data suggestsCrypto exchange Binance said its “hardcore” work culture could explain some of the results, while recruiters warn t
Dogecoin Under $0.20 ‘Is Free,’ Says Analyst—Predicts 2,000% Upside
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
TON ecosystem scams on the rise: How to stay safe
Helen Partz10 hours agoTON ecosystem scams on the rise: How to stay safeAs the TON blockchain is open-source and permissionless, individual users and projects must be careful to ensure their own safety.3529 Total views6
A New Academic Paper Describes 3 Attack Methods Against an Ethereum PoS Chain
A New Academic Paper Describes 3 Attack Methods Against an Ethereum PoS Chain Following the Altair upgrade on the Ethereum network, the protocol’s native cryptocurrency reac
Bitget Becomes the First CEX to Launch Copy Trading in The Spot Market
Bitget Becomes the First CEX to Launch Copy Trading in The Spot Market press release PRESS RELEASE. (Victoria, Seychelles, 17 Jan 2023)–Leading crypto derivatives exchange Bit
Solana TVL hits near 1-year high — Will SOL price follow?
Marcel Pechman2 hours agoSolana TVL hits near 1-year high — Will SOL price follow?The total value locked on Solana surged but is this enough to send SOL price to a new all-time high?893 Total views18 Total sharesListen
Nvidia stock jumps 11% after SIGGRAPH unveil: ‘next wave of AI is robotics’
Tristan Greene7 hours agoNvidia stock jumps 11% after SIGGRAPH unveil: ‘next wave of AI is robotics’We’re entering the “third wave” of AI and the era of mechanical humanoids, according to Nvidia.1482 Total view