Chartist Foresees XRP 20% Dominance Against Bitcoin

EGRAG CRYPTO (@egragcrypto), a respected cryptocurrency analyst, closely tracks XRP’s market dominance and provides regular updates. In November 2024, he highlighted a critical resistance level called the “Sky Dome.”

This descending trendline, originating from market peaks in 2018 and 2023, posed a significant challenge to XRP’s dominance. EGRAG CRYPTO predicted that breaking past this resistance would signal the start of a “space expansion” phase for XRP, potentially pushing its dominance into double digits.

He encouraged the XRP community to remain patient and resilient as the cryptocurrency moved toward higher market rankings.

#XRP Dominance – The 'SKY DOME'!

Fibonacci Extension:
I’m taking the November 2020 high and extending it to the June 2024 low for a clearer picture of the #XRP Dominance path. 📊

☑️Right now, #XRP is facing major resistance from the "Sky Dome"—the descending trend line from… pic.twitter.com/z2XnLpg8hS

— EGRAG CRYPTO (@egragcrypto) November 28, 2024

The January 2025 Update

On January 20, 2025, EGRAG CRYPTO shared a much-anticipated update on XRP’s progress. He acknowledged the strides made by XRP in increasing its dominance but stressed that further milestones remain. His analysis, accompanied by a detailed chart, outlined XRP’s potential path toward an ambitious target of 20% market dominance.

The update introduced the concept of “kinetic energy” as a framework to understand XRP’s growth. Borrowing from physics, EGRAG CRYPTO explained that kinetic energy depends on mass (dominance) and velocity (rate of growth).

Experts have been predicting a surge in XRP dominance . EGRAG CRYPTO identified four key drivers of XRP’s momentum: growing adoption, increasing usage, a frictionless regulatory environment, and accelerating velocity. These factors, he argued, position XRP for significant growth in the coming months.

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Key Levels and Future Projections

The analyst identified 6.10% market dominance as an immediate target, noting its significance as a potential catalyst for further expansion.

EGRAG CRYPTO likened the current phase to XRP’s remarkable surge in 2015, where similar conditions fueled a dramatic 310% rise. He believes that if XRP achieves comparable momentum, reaching the 20% dominance mark is achievable.

XRP’s dominance is currently at 5.21% after reaching 5.65% on January 16 when XRP soared to its multi-year high of $3.39. Notably, Bitcoin’s dominance has fallen slightly over the past 24 hours, and a well-respected analyst has shown how a decline like this can significantly benefit XRP .

EGRAG CRYPTO’s recent update provides a clear and optimistic outlook for XRP. The digital asset is inching closer to the 6.10% level, and once it breaches it, the rise to 20% would complete the SkyDome formation and signal a new era for XRP.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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