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<p>The post <a href="https://coinpedia.org/news/ripple-price-prediction-how-xrp-dominance-could-drive-xrp-price-rally/" rel="noopener noreferrer nofollow">Ripple Price Prediction: How XRP Dominance Could Drive XRP Price Rally</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>XRP’s sideways drift continues after Monday’s 4.35% Surge to $0.5681<span style="box-sizing: border-box; margin: 0px; padding: 0px;">. What next? Crypto analyst Cryptoinsightuk, in his X&nbsp;<a href="https://x.com/Cryptoinsightuk/status/1830916549437165591?t=EI_QiIS_0_onwWWLtbXkzg&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">post,&nbsp;</a>has chimed into the XRP movement in the coming days. The market is rejoicing with the legal outcome of the Ripple vs.</span> SEC case and expects a breakout within the next few months.&nbsp;</p>
<p>Here’s the key insight!</p>
<h2 class="wp-block-heading" id="h-will-xrp-break-its-stagnant-phase-nbsp"><strong>Will XRP Break its Stagnant Phase?&nbsp;</strong></h2>
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   <p lang="en" dir="ltr">On Jan 7, 2018, <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$XRP</a> hit $3.37 with <a href="https://twitter.com/search?q=%24XRP.D&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$XRP.D</a> (dominance) at ~15.5% of a $691B total crypto market cap. Since then, $XRP’s circulating supply has inflated by ~69%.<br><br>If <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$XRP</a> dominance rose to 15% today, it would place $XRP’s market cap at $330B (just 2.5x from 2017) and price around… <a href="https://t.co/BpQGCRX7tD" rel="noopener noreferrer nofollow">pic.twitter.com/BpQGCRX7tD</a></p>— Cryptoinsightuk (@Cryptoinsightuk) <a href="https://twitter.com/Cryptoinsightuk/status/1830916549437165591?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 3, 2024</a>
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<p>Cryptoinsightuk is cautiously bullish on XRP’s potential. He highlights that although XRP’s circulating supply has grown by approximately 69% since its peak price of $3.37 on January 7, 2018, the cryptocurrency could still see significant gains. If XRP’s market dominance were to reach 15% today, it would suggest a market cap of around $330 billion, leading to a price of about $5.50, assuming no growth in the overall crypto market cap.</p>
<p>With the current market cap being 3.2 times larger than in 2017, XRP could rise to between $11 and $27.50 if the market cap reaches $4-5 trillion or even $9-10 trillion. However, Cryptoinsightuk notes that the main challenge is capturing the same hype and attention.</p>
<h2 class="wp-block-heading" id="h-bollinger-bands-signal-potential-move"><strong>Bollinger Bands Signal Potential Move</strong></h2>
<p>Last week, X user JD highlighted a significant squeeze in the Bollinger Bands for XRP, a sign of prolonged low volatility. This often indicates that the token is gearing up for a substantial move, whether a rally or a correction. JD recently pointed out that the bands have tightened even more, suggesting that XRP could be on the brink of hitting a new all-time high.</p>
<h2 class="wp-block-heading" id="h-xrp-price-prediction"><strong>XRP Price Prediction</strong></h2>
<p>In contrast, analyst Dark Defender is <a href="https://x.com/DefendDark/status/1830627642954993682" rel="noopener noreferrer nofollow">confident </a>that XRP will hit higher soon. He predicts that XRP could soon hit $18 following a breakout from a prolonged consolidation phase. Dark Defender’s optimism is supported by technical indicators such as RSI dips aligning with price movements and a weekly RSI golden cross, signaling a potential bullish phase. The critical resistance level to watch is $0.6649, and XRP’s current position above the weekly Ichimoku clouds reinforces this positive outlook.</p>
<p>In the bear market, XRP’s price has also extended its losses, approaching the key support level at $0.5320, but has since shown signs of recovery, currently trading above $0.550. Following a decline from the $0.5330 region, XRP is now under pressure, trading below $0.560 and the 100-hour simple moving average. A bearish trendline has formed with resistance at $0.5570. For a potential upward movement toward the $0.600 zone, XRP needs to break through the $0.5620 resistance level.</p>

Ripple Price Prediction: How XRP Dominance Could Drive XRP Price Rally

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