Cryptographic Analyzer Egrag Crypto It has boldly predicted that the price of XRP will be better than Bitcoin and Ethereum. The analyst provided an in-depth analysis showing that XRP has a much higher multiple than BTC and ETH.
XRP price to overtake Bitcoin and Ethereum
in one Post XEgrag Crypto predicted that the price of XRP will outperform Bitcoin and Ethereum as he predicts that the XRP market cap will reach between $619.61 billion and $1.56 trillion. With XRP's dominance and market potential, the crypto claimed a much higher multiplier than the Two large coins by market value
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Egrag Crypto went further and explained why an explosive rise in XRP price dominance is imminent. The digital currency analyst pointed out this point XRP dominance It is currently 3.93% above the 0.382 Fibonacci level, and if the crypto closes above the 0.5 Fib (5.57%), XRP could see double-digit dominance ahead.
Egrag Crypto noted that the VRVP of XRP price is showing a gap above 4.30%, which means less resistance and a smoother path to All-Time High (ATH) And beyond that, the analyst noted that the “Green Kaboom Zone” starts at Fib 0.50, which indicates a big move ahead for the crypto.
Egrag Crypto added that the smaller market cap of the XRP price offers higher upside potential. This means that the crypto could enjoy faster dominance growth as it catches up with the broader altcoin rally and takes the lion's share. This crypto analyst highlighted three key levels to monitor XRP dominance.
This includes Fib 0.0702, which shows XRP's price lead of 11.44%, and Fib 0.786 and 0.888, which puts lead at 15.22% and 21.5%, respectively. Meanwhile, the cryptocurrency analyst predicts that Total crypto market cap If it reaches Fib 1.414 and Fib 1.618, it could reach $5.42 trillion or $7.25 trillion respectively. This brings XRP's market cap to $1.16 trillion, or $1.56 trillion if the crypto reaches 21.5% dominance.
Rally To ATH remains the short-term goal
Having previously enjoyed year-to-date (YTD) gains of just over 200%, XRP's short-term price target is an increase to its current ATH of $3.80. Cryptographic Analyzer John Marks He suggested that XRP could soon reach this target as he predicted a rise to a new ATH of $4.8.
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He noted that the price of XRP touched Target $2.47 and briefly broke above this resistance level before falling again. However, with the indication of a bullish signal on the lower timeframe, a move above this resistance level could be imminent, which Marx predicted would pave the way for a climb to $4.80.
At the time of writing, XRP is trading at around $2.19, down more than 4% in the last 24 hours. data From CoinMarketCap.
Featured image created with Dall.E, chart from Tradingview.com
