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

2024-12-27 23:30

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. 

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. 

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. 

origin »

Bitcoin price in Telegram @btc_price_every_hour

Ripple (XRP) на Currencies.ru

$ 1.4344 (+0.48%)
Объем 24H $4.038b
Изменеия 24h: 1.66 %, 7d: 6.92 %
Cегодня L: $1.4245 - H: $1.4547
Капитализация $88.315b Rank 4
Цена в час новости $ 2.1653 (-33.76%)

analyst xrp crypto price ethereum bitcoin outperform

Источник: newsbtc.com

analyst xrp → Результатов: 126


Фото:

Analyst: Ripple Distribution Almost Complete, XRP Mark Down Could Follow

The cryptocurrency known as XRP, also called Ripple, has been among the worst performing crypto assets throughout the year of 2019. While many crypto investors are expecting the massively oversold asset that’s long been in a downtrend to finally reverse and return to former high prices, one crypto analyst believes that Ripple’s distribution is almost.

2019-12-11 21:00


Bitcoin may be Still for the Next Two Months But ETH, XRP Could go Wild – Analyst

The cryptocurrency market has been moving sideways especially for Bitcoin which has crashed significantly from the 2019 high of over $13,000 to the current $9,000s. While the crypto community is hoping things will turn around soon and Bitcoin will start rising to a new high for the year, the crypto analyst known on Twitter as […] The post Bitcoin may be Still for the Next Two Months But ETH, XRP Could go Wild – Analyst appeared first on ZyCrypto.

2019-7-31 10:46


Crypto Analysts Are Projecting XRP At $7 In The Next Few Months

According to Robert Art, a cryptocurrency analyst in a tweet on June 19, 2019, he is currently gauging a possible $7 price on Ripple’s XRP chart. The analyst is not the only one who is extremely bullish about the third largest cryptocurrency by market cap because the comments on his tweet show that the crypto […] The post Crypto Analysts Are Projecting XRP At $7 In The Next Few Months appeared first on ZyCrypto.

2019-6-20 10:47


Insane Valuation? This Analyst Believes XRP Can Hit $28 If It Follows Bitcoin’s Price Movement

Bitcoin is still enjoying a lot of press at the moment. It’s still the number one coin by market cap and enjoys more adoption than others. Bitcoin has also had a very impressive 2019, recording more than 100% in growth and at the time of writing, it has risen just a bit above the $9,100 […] The post Insane Valuation? This Analyst Believes XRP Can Hit $28 If It Follows Bitcoin’s Price Movement appeared first on ZyCrypto.

2019-6-17 11:48


XRP price versus on-balance volume comparison reveals shady hoarding on Bitfinex & Binance, claims analyst

XRP, the second largest altcoin in the market, bottomed out of its sluggish market performance last month and led the market with its frenemy, Stellar Lumens [XLM]. After falling by over 12 percent on a year-to-date basis, XRP was buoyed following announcements from Coinbase and Nasdaq, and the fact that it broke its 200-day moving […] The post XRP price versus on-balance volume comparison reveals shady hoarding on Bitfinex & Binance, claims analyst appeared first on AMBCrypto.

2019-6-5 18:00


XRP primes itself to race to the moon after prominent analyst predicts coin breakout

The race to the top of the cryptocurrency mountain is one dominated by Bitcoin. However, there is huge competition among other altcoins to follow suit. Since Ethereum overtook XRP on the crypto-charts, the XRP community has been salivating patiently for the token to surge again and according to recent reports, there have been new signs […] The post XRP primes itself to race to the moon after prominent analyst predicts coin breakout appeared first on AMBCrypto.

2019-6-5 17:30


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Is Wall Street Really Buying XRP Or Are They Waiting For Something Else To Happen?

Wall Street’s recent buying activity in XRP has drawn growing attention, but the reality may be more nuanced than headlines suggest. While some major institutions have taken positions in XRP-related investment products, the timing, scale and structure of these holdings indicate that they may be waiting for a broader trigger before committing fully to the […]

XRP Open Interest Surges As Price Slides—More Volatility Ahead?

Data shows the XRP Open Interest has witnessed a notable surge alongside the asset’s price drop, a sign that investors have been putting up fresh bets. XRP Open Interest Has Shot Up Over The Past Day As pointed out by CryptoQuant community analyst Maartunn in an X post, the XRP Open Interest has seen a jump recently.

XRP Season About To Start? Historical Oversold Levels Point To Major Rally

A decade of price data, a modified RSI sitting at 33, and a macro support line that has survived every significant crash since 2014. This is the current state of XRP’s price action, and according to a technical outlook, the cryptocurrency is now moving around at the exact geometric coordinate where its most explosive historical […]

Is BlackRock Going Into XRP? This Ripple Move Could Be The Game-Changer

The world’s largest asset manager has yet to file for a spot XRP exchange-traded fund, but a growing body of evidence suggests the distance between BlackRock and that step is narrowing.  Discussion regarding whether BlackRock is preparing to move into XRP has picked up again, but the real reason is not coming from filings or […]