XRP Price To Outperform Bitcoin And Ethereum

Crypto analyst Egrag Crypto has boldly predicted that the XRP price will outperform Bitcoin and Ethereum. The analyst provided an in-depth analysis

Crypto analyst Egrag Crypto has boldly predicted that the XRP price will easily outperform Bitcoin and Ethereum in the coming months as he showed that XRP has a higher multiplier than BTC and ETH. The analyst also predicted that the total crypto market cap could hit $5.42 trillion or $7.25 trillion.

Egrag Crypto went on to predict that the XRP price could reach between $619.61 billion and $1.56 trillion. With XRP’s dominance and market potential, the crypto asserted that it has a much higher multiplier than the two largest coins by market cap.

In an X post, the analyst predicted that XRP will easily outperform Bitcoin and Ethereum as he envisages XRP’s market cap could reach between $619.61 billion and $1.56 trillion. With XRP’s dominance and market potential, the crypto asserted that it has a much higher multiplier than the two largest coins by market cap.

Egrag Crypto added that the XRP price’s smaller market cap offers higher upside potential. This means the crypto could enjoy faster dominance growth as it catches up with the broader altcoin rally and takes Lion’s share. The crypto analyst highlighted three key levels to watch for XRP’s dominance.

This includes Fib 0.0702, which puts the XRP price’s dominance at 11.44%, and Fib 0.786 and 0.888, which puts the dominance at 15.22% and 21.5%, respectively. Meanwhile, the crypto analyst predicts that the total crypto market cap could hit $5.42 trillion or $7.25 trillion if it reaches Fib 1.414 and Fib 1.618, respectively. This would put XRP’s market cap at $1.16 trillion or $1.56 trillion if the crypto hits a 21.5% dominance.

A Rally To ATH Remains The Short-Term Target

Having already enjoyed a year-to-date (YTD) gain of just over 200%, the short-term target for the XRP price is a rally to its current ATH of $3.80. Crypto analyst Javon Marks suggested that XRP could soon reach this target as he predicted a rally to a new ATH of $4.8.

He noted that the XRP price touched the $2.47 target and broke above it briefly before dropping this resistance level again. However, with this representing a low time-frame bull signal, movement above this resistance level could be imminent, which Marks predicted would pave the way for a rally to $4.8.

At the time of writing, the XRP price is trading at around $2.19, down over 4% in the last 24 hours, according to data from CoinMarketCap.