XRP Dominance Signals a Mega Bullish Wave, Analyst Eyes $5 Target
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XRP is not just making headlines for its price, it’s making history. Over the past year, XRP has outperformed Bitcoin by an impressive 277%, climbing to a new all-time high of $3.66 before easing slightly to around $3.45.
But according to popular crypto trader EGRAG CRYPTO, the real story isn’t just the price, it’s XRP’s growing dominance, which he says is pointing to a “mega bullish wave.”
Bullish Pennant and the Kaboom Setup
According to EGRAG, XRP’s dominance chart has just broken out of a bullish pennant, a classic technical pattern that often precedes large upward moves. He predicts this breakout could trigger gains of 21% to 275%, which would be one of the biggest rallies XRP has ever seen.
What’s adding to the excitement is that the key factor driving this prediction is the Visible Range Volume Profile (VRVP) indicator. EGRAG notes that there’s a “void” zone above 5.75% dominance.
If XRP crosses and holds above this level, it could spark what he calls the Kaboom phase, a period of explosive growth in XRP’s dominance.
Fibonacci Levels Backing the Surge
EGRAG also shared his XRP Fab chart, which maps XRP’s potential market cap against global crypto capitalization using Fibonacci levels. For instance, at a $10 trillion crypto market cap, XRP’s market cap could soar beyond $2 trillion if it hits the 0.888 Fibonacci level.
Even a conservative target could place XRP’s market cap between $800 billion and $1.5 trillion, levels never seen before for the token.
XRP Price Analysis
As of now, XRP price is trading near $3.44 after hitting a new high of $3.66, showing strong demand from both traders and big investors. Meanwhile, a Golden Cross (50‑day EMA moving above the 100‑day EMA) confirms bullish momentum, while the MACD buy signal that started on June 28 is still active, keeping risk appetite alive.
If XRP stays above $3.50 and breaks $3.66, it could enter a price discovery phase. Therefore, Crypto EGRAG believes that with rising dominance and whale accumulation, a move toward $5 or more is possible.