A crypto analyst on X, previously known as Twitter, shared an ambitious investment thesis on Wednesday, forecasting XRP’s market cap could soar to $1.56 trillion if its dominance in the cryptocurrency market continues to rise in the coming months.
Ripple’s Growth Potential Surpasses BTC and ETH
Egrar Crypto, a technical analyst with a following of nearly 70,000 on X, expressed confidence that XRP could outperform Bitcoin (BTC) and Ethereum (ETH) in this phase of the bull market. He emphasized that Ripple’s potential lies in its ability to deliver higher returns than these top cryptocurrencies.
The post, titled “#XRP – Will Outperform #ETH and #BTC – The Secret Is Under the Hood,” highlighted XRP’s growing dominance and market cap potential. According to Egrar, the token’s current market cap window ranges between $619.61 billion and $1.56 trillion, driven by its higher multiplier compared to ETH and BTC.
XRP’s Rising Dominance: A Key Driver
Egrar noted that XRP’s dominance has grown significantly, increasing from around 1% to over 5% in the past four years. This growth largely stems from Ripple’s legal victory against the U.S. Securities and Exchange Commission (SEC). He further suggested that breaking above the 0.5 Fibonacci level, a bullish technical signal, could propel XRP’s dominance to 11.44%.
Given the current total cryptocurrency market value of $3.28 trillion, such dominance would mean XRP’s market value could quickly reach $375 billion, representing a 3X gain for investors. Additionally, Egrar predicted that the overall crypto market cap could surge to $5.42 trillion during altcoin season, potentially pushing XRP’s market cap to $620 billion—a 5X gain.
Technical Indicators Signal $4 Target for XRP
From a technical perspective, Egrar believes XRP could reach $4 per token once the market recovers from its recent pullback. Analysts attribute the market’s post-election rally to favorable conditions, including Donald Trump’s U.S. presidential election win and the Federal Reserve’s commitment to lowering interest rates.
XRP’s performance has been impressive, with a 253% increase following the court ruling in favor of Ripple in its SEC case. The network’s resilience, strong leadership, and dedicated community position XRP as a leading player in cross-border payments, decentralized finance (DeFi), and smart contracts. The recent launch of the stablecoin RLUSD further expands Ripple’s reach.
XRP’s support level at $1.95 per token remains critical. If this level holds, it could serve as a foundation for further growth during altcoin season. While the short-term target of $4 appears achievable, Egrar’s projections suggest XRP could continue to expand its influence in the crypto market over the long term.
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The post XRP to Overtake BTC and ETH Crypto Analyst Points to $1.5 Trillion Market Cap appeared first on Cryptonews.
