XRP is at the center of the cryptocurrency market, becoming one of the most talked-about coins due to its recent price rises and future projections.
Rising Interest in XRP
Over the past year, XRP has shown an impressive price increase, outperforming Bitcoin by 277%. After hitting a new all-time high of $3.66, XRP's price has slightly corrected and is currently hovering around $3.45.
Technical Analysis and Forecasts
Well-known crypto trader EGRAG CRYPTO states that XRP's dominance is increasing, indicating the start of a 'mega bullish wave'. According to his data, the XRP dominance has broken out, predicting a growth of 21% to 275% in the near term.
Future of XRP: Prices and Capitalization
According to analysis, if XRP continues to hold above $3.50 and breaks $3.66, it may enter a price discovery phase. This could lead to XRP's market capitalization increasing to $1.5 trillion assuming the global crypto market cap reaches $10 trillion.
With current trends and forecasts, XRP might continue its growth and take a significant place in the cryptocurrency market in the coming years.
