Here’s How XRP Dominance Could Push XRP to $27 if Total Crypto Market Hits $5.5T: Analyst
Market analyst EGRAG Crypto expects XRP dominance to surge, potentially leading to bullish price implications as the total crypto market reaches new highs.
EGRAG, who has continued to make bullish price predictions for XRP despite the ongoing struggles, decided this time to turn to the asset’s market dominance. Notably, he identified a bullish structure on the XRP dominance monthly chart (XRP.D).
XRP Dominance Faces Resistance at Fib. 0.5
Specifically, EGRAG highlighted the Fibonacci 0.5 retracement as a potent resistance that has hindered further upside to XRP dominance in nearly six years. For context, XRP hit a peak market dominance of 31.33% in May 2017 when prices claimed $3.8.
However, amid the price correction, dominance saw a…
