CandleFocus Analyst Predicts XRP Market Cap Surge Against BTC and ETH to $1.56T
2024-12-26
Author: Content Editor
Market analyst EGRAG Crypto predicts that XRP's market cap could experience a significant breakthrough, surpassing Bitcoin and Ethereum. The analysis suggests that XRP's dominance could push its valuation up to $1.56 trillion, corresponding with a price of $27.2. EGRAG believes that XRP's dominance will surge, potentially reaching double-digit levels. Ripple CEO Brad Garlinghouse previously projected a $5 trillion total crypto market cap, but recent market corrections may delay this timeline. The current total crypto market cap is $3.41 trillion, leaving room for growth. EGRAG presents various scenarios where XRP's dominance ranges from 11.44% to 21.5%, resulting in price ranges between $10.8 and $27.2. EGRAG attributes the potential growth to XRP's smaller market cap, allowing it to grow more rapidly than BTC and ETH. The analyst also highlights the Visible Range Volume Profile (VRVP), showing minimal resistance and a smoother path for XRP to reach its all-time high and beyond. Currently, XRP's dominance is at 3.93%, trading at $2.24.
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