XRP has a better upside, given its smaller market cap than BTC and ETH.
Top precursors signal a surge of XRP’s dominance to double digits.
The market cap for XRP may reach as high as $1.56T with dominance.
XRP is on the verge of explosive growth, with a 3.93% dominance in the cryptocurrency market. XRP may be primed to lead due to the project's lower overall market cap and enhanced market positioning, with BTC dominance declining and ETH dominance growing.
https://twitter.com/egragcrypto/status/1871884479356186953
As critical Fibonacci levels imply potential upward momentum, XRP’s dominance may increase, elevating its market cap to unprecedented levels.
Relative to Bitcoin and Ethereum, XRP’s market share has been less than impressive. XRP has a lower market cap, so as Bitcoin's dominance declines and Ethereum leans its shoulder to XRP, the trump card is the high market cap.
As XRP has multifold potential from a decimal of BTC and ETH, it gives a much higher drive to investors and market participants.
A substantial feat in XRP's potential upswing depends on a decisive close above the 5.57% Fibonacci level (Fib 0.5). This would then push XRP up into double-digit territory, becoming the start of a new bull run.
According to recent market data, the XRP dominance chart offers a fairly clear path forward. VWAP shows a massive vacuum above 4.30%, indicating the absence of resistance, potentially aiding XRP in achieving elevated levels of dominance.
The chart above shows this clearly, as it hits the Fib 0.50 level and enters the so-called “KABOOM Green Zone,” indicating a significant breakout.
XRP's market cap could grow considerably if its dominance levels increase. However, XRP’s market cap can scale massively to $5.42 trillion (Fib 1.414) or $7.25 trillion (Fib 1.618) of the total market cap of cryptocurrencies.
Investors and market analysts are tracking some critical dominance levels for XRP. Key benchmarks are provided by Fibonacci ratios of 11.44% (Fib 0.702), 15.22% (Fib 0.786) and 21.5% (Fib 0.888).
With each new level, the upside potential increases, leading to a possible surge in market cap and dominance for XRP once the dust settles above $0.76, $0.92 and $1.39.
