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Cryptocurrency News Articles

3 Possible Scenarios for Ripple Price as XRP Dominance Reaches Record High

Mar 16, 2025 at 02:30 am

A popular cryptocurrency analyst has outlined three potential scenarios for XRP price movement as the digital asset shows significant strength in the market.

3 Possible Scenarios for Ripple Price as XRP Dominance Reaches Record High

A popular cryptocurrency analyst is examining three possible scenarios for XRP price movement as the digital asset shows significant strength in the market. The analysis comes as XRP dominance approaches record levels, potentially signaling a major shift in the cryptocurrency landscape.

EGRAG CRYPTO explains that the “Blue Channel” pattern is providing clear indications of XRP’s next move. The analyst notes that equilibrium has been established on the lower edge of this channel, leading to a mini bounce that was previously predicted.

For the short term, EGRAG identifies three distinct scenarios that could unfold:

Optimistic Outlook

In the bullish case, XRP needs to close above $2.83 today to demonstrate macro strength. Achieving this level could propel XRP toward a $4.20 target.

The analyst suggests that these targets may become higher over time, further bolstering the case for bulls.

Conservative Approach

The second scenario presents a more measured view. As seen in the chart, XRP may retest the Previous Daily Low (PDL), which happens to align with the Fibonacci 0.888 level—a zone of strong support. A sustained break below this level for three or more days could indicate persistent bearish control.

However, if support holds, investors should monitor several key levels: the Previous Daily High at $2.40, Previous Weekly High at $2.97, and Previous Monthly High at $3.07. According to the analyst, higher closing prices would provide increased structural confidence.

Pessimistic Scenario

In the bearish case, a break below both the Fibonacci 0.888 level and the PDL could trigger a decline toward the Fibonacci 0.786 level and potentially fill the Fair Value Gap. Interestingly, EGRAG suggests this could actually be a bear trap and false break from the Blue Channel, possibly coinciding with Bitcoin testing the $70,000 level.

The analyst believes such a development could present “another generational buying opportunity.” But sustained breaks below these levels might indicate an unrecognized bear market affecting the entire crypto space.

XRP Dominance Shows Remarkable Strength

EGRAG CRYPTO also highlights XRP’s increasing market dominance, which is approaching the 2021 high of 6% and the Fibonacci 0.5 level. The analyst deems this a “critical level” and an extremely bullish sign once attained.

If XRP dominance manages to close above the Fibonacci 0.5 level, a surge toward the Fibonacci 0.888 level could follow, potentially propelling it to 15-20% market dominance. This would align with historical highs from 2015.

The analyst emphasizes this isn’t speculation, stating that XRP’s position as the leading protocol for transferring value over the internet with 31% dominance “is only the beginning” of its potential growth trajectory.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

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Other articles published on Mar 16, 2025