Crypto analyst Egrag Crypto is making waves with his bold prediction that XRP will outperform Bitcoin and Ethereum. According to his detailed analysis, XRP's market cap could soar to between $619.61 billion and $1.56 trillion. Egrag points out XRP's strong multiplier effect compared to BTC and ETH.
In a post, the analyst explained why XRP's surge in dominance is likely. At 3.93% dominance, he believes crossing certain Fibonacci levels could lead to double-digit dominance for XRP. The key is the "Kaboom green zone," signaling major upward movement if XRP hits Fib 0.50.
Egrag believes XRP's smaller market cap provides higher upside potential, aiding faster dominance growth. He's monitoring levels at Fib 0.0702, 0.786, and 0.888, which could push XRP dominance to 11.44%, 15.22%, and 21.5% respectively. If the total market cap reaches $5.42 trillion or $7.25 trillion, XRP's cap could hit $1.16 trillion or $1.56 trillion.
Crypto analyst Javon Marks is also optimistic, setting a short-term target at XRP's ATH of $3.80. He anticipates a new ATH of $4.8. Marks notes XRP broke above the $2.47 level but briefly retreated, signaling potential upward movement. XRP is currently priced at around $2.19, down over 4% in the past day.
