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- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
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XRP Market Dominance Surges: Is Market Capitalization About to Increase?
XRP is on the verge of explosive growth, with a market dominance of 3.93% in the cryptocurrency market. XRP may be poised to lead due to its lower overall market capitalization and improved market position, with decreasing dominance of BTC and increasing dominance of ETH. Due to the important Fibonacci levels implying potential upward momentum, the dominance of XRP could increase, pushing the market capitalization to unprecedented levels Compared to Bitcoin and Ethereum, XRP's market share is not very impressive. XRP has a lower market capitalization, so when Bitcoin's dominance decreases and Ethereum relies on XRP, the main trump card is the high market capitalization. Because XRP has the potential to outperform BTC and ETH by many times, it provides much greater motivation for investors and market participants. A significant achievement in the potential price increase of XRP depends on the closing level decision at the 5.57% Fibonacci (Fib 0.5). This will then push XRP to the two-digit level, marking the beginning of a new price increase. According to recent market data, the XRP dominance chart shows a fairly clear path ahead. The VWAP shows a large gap of 4.30%, indicating no resistance and the potential to support XRP in achieving a higher dominance level. The chart above clearly shows this when the price touches the Fib 0.50 level and enters what is called the "KABOOM Green Zone", indicating a significant breakthrough. The market capitalization of XRP could increase significantly if its dominance level rises. However, the market capitalization of XRP could increase sharply to 5.42 trillion dollars (Fib 1.414) or 7.25 trillion dollars (Fib 1.618) in the total cryptocurrency market capitalization. Investors and market analysts are monitoring some important dominance levels for XRP. The main standards provided by the Fibonacci ratio are 11.44% (Fib 0.702), 15.22% (Fib 0.786), and 21.5% (Fib 0.888). With each new level, the potential for price increases, leading to a sharp increase in market capitalization and the dominance of XRP when the price stabilizes above $0.76, $0.92, and $1.39. DYOR! #Write2Win #Write&Earn $XRP {spot}(XRPUSDT)