3 Possible Scenarios for Ripple Price as XRP Dominance Reaches Record High

2025-3-16 21:30

A popular cryptocurrency analyst has outlined three potential scenarios for XRP price movement as the digital asset shows significant strength in the market. The analysis comes as XRP dominance approaches record levels, potentially signaling a major shift in the cryptocurrency landscape.

EGRAG CRYPTO explains that the “Blue Channel” pattern is providing clear indications of XRP’s next move. The analyst notes that equilibrium has been established on the lower edge of this channel, resulting in a mini bounce that was previously predicted.

For the short term, EGRAG outlines three distinct scenarios that could unfold:

Optimistic Outlook

In the bullish scenario, XRP needs to close above $2.83 today to demonstrate macro strength. Achieving this level could open the path toward a $4.20 target.

The analyst suggests that these targets may rise further over time, strengthening the case for bulls.

Conservative Approach

The second scenario presents a more measured view. EGRAG notes the possibility that XRP may retest the Previous Daily Low (PDL), which aligns with the Fibonacci 0.888 level—a zone of strong support. A sustained break below this level for three or more days could indicate persistent bearish control.

However, if support holds, investors should monitor several key levels: the Previous Daily High at $2.40, Previous Weekly High at $2.97, and Previous Monthly High at $3.07. According to the analyst, higher closing prices would provide increased structural confidence.

Read Also: XRP Price Flashes ‘Sell’ Signal as Lawyer Has a Big Update on Ripple vs SEC Case

Pessimistic Scenario

In the bearish case, a break below both the Fibonacci 0.888 level and the PDL could trigger a decline toward the Fibonacci 0.786 level and potentially fill the Fair Value Gap. Interestingly, EGRAG suggests this could actually be a bear trap and false break from the Blue Channel, possibly coinciding with Bitcoin retesting the $70,000 level.

The analyst believes such a development could present “another generational buying opportunity.” However, sustained breaks below these levels might indicate an unrecognized bear market affecting the entire crypto space.

XRP Dominance Shows Remarkable Strength

EGRAG CRYPTO also highlights XRP’s increasing market dominance, which is approaching the 2021 high of 6% and surpassing the Fibonacci 0.5 level. The analyst considers this a “critical level” and an extremely bullish sign once confirmed.

If XRP dominance successfully closes above the Fibonacci 0.5 level, a surge toward the Fibonacci 0.888 level could follow, potentially reaching 15-20% market dominance. This would align with historical highs from 2015.

The analyst emphasizes this isn’t mere speculation, noting that XRP’s position as the leading protocol for transferring value over the internet with 31% dominance “is only the beginning” of its potential growth trajectory.

Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
Get all our future calls by joining our FREE Telegram group.

We recommend eToro Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more Visit eToro Now Active user community and social features like news feeds, chats for specific coins available for trading.
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.

The post 3 Possible Scenarios for Ripple Price as XRP Dominance Reaches Record High appeared first on CaptainAltcoin.

origin »

Ripple (XRP) на Currencies.ru

$ 2.2998 (-0.84%)
Объем 24H $3.807b
Изменеия 24h: -4.18 %, 7d: 8.08 %
Cегодня L: $2.275 - H: $2.416
Капитализация $133.639b Rank 4
Цена в час новости $ 2.3735 (-3.11%)

xrp record cryptocurrency dominance scenarios price analysis

xrp record → Результатов: 126


13 Consecutive Week of Inflows Send Bitcoin AUM to A Record $56B and Ether’s Past $21B For The First Time

Solana, Polkadot, and XRP are also attracting inflows totaling $9.8 million, $5.2 million, and $3.1 million, respectively, with Tron the only one to record outflows. The post 13 Consecutive Week of Inflows Send Bitcoin AUM to A Record B and Ether’s Past B For The First Time first appeared on BitcoinExchangeGuide.

2021-11-16 16:40


Cryptocurrency Inflows Record A Five-Week High; XRP Captures Institutional Interest

Inflows into digital asset investment products totaled $233 million last week, the largest since early March. It is, however, nowhere near the record inflow seen in late January. CoinShares, one of the largest crypto asset managers, in its weekly report wrote, “We believe this recent renewed appetite for digital assets is due to a combination […] The post Cryptocurrency Inflows Record A Five-Week High; XRP Captures Institutional Interest first appeared on BitcoinExchangeGuide.

2021-4-21 18:48