Look to the past for some patterns. It seems like when things get moving, they getting moving and fast. Like really really fast. Out of no where, we'll see a spike in dominance which leads to a pump price. With the Ripple case being speculated on coming to a close, things might just interesting.
Right on time with the charts ;)
- BTC and ETH dominances are declining.
- BTC and ETH market cap have reached 4.236 fib extension (2017/2018 high and Covid 2020 march low).
- Huge triangle/pennant on XRPUSDT daily/weekly; declining volume.
Will XRP soak up market value from every other crypto and repeat what happened last bull cycle? Let's find out!
XRP Dominance could hit Fib 1.618 by September, that is almost 50% of the Total Market Cap.
It seems to be able to repeat the wave of 2017.
This is nota a financial advice. DYOR
Thanks for watching
May 2017, the XRP dominance went up to 30%. I'm sorry to say I don't think that's ever going to happen again. That's just too much!
We are at 3.5% now. The 4% resistance will be hard to break but it will happen thanks to the trial decision.
I think the top is at 10%.
10% of the whole crypto market cap! If we are at $5T. 10% is at $500B. Ripple is at SGX:41B ...
A 2.4 trillion dollar total2 market cap * 0.164% dominance in the market would mean a $393,600,000,000 cap for xrp if only for a moment. that would shoot xrp up to around 7 dollars.
Retesting the bullish wedge! do the charts know something we dont? may pump from BTC + ETH weakness. may get a relief rally with a liquidity transfer!. still expecting xrp to break higher before A,B,C correction back down.
looking at previous price action combined with the fib ema indicator. expecting a breakout late may too june. also taking a look at the XRP. DOMINANCE. aligning up very similar to 2017. :) ( not financial advise ) #xrp
XRP analysis, following the elliot wave up! looking for another Pump before entering an A,B,C correction. sell in may walk away. likely see sell pressure due to this time period. XRP dominance looking identical to the 2017 breakout. if history repeats we could see a strong surge in dominance estimated around the start of june!
Can XRP dominance go back to 20%?
It hapenned twice before.
From 3% to 20% is a 800% increase.
This is NOT PRICE!
20% of $4T is $800B
With 60B circulating supply, that's a price of $13.28
That would be CRAZY!!!!!!!!
That's a 25x from here.
After reaching the breakout target of the smallest inv h&s pattern with quickness, XRP.D already seems to be validating the larger inv h&s target it broke above on the way to the first target. I anticipate the brown trendline(which is part of a channel) to provide some resistance initially but for it to overcome that before too long and continue up towards its...
Currently one candle close above the neckline and the current candle is so far retesting that neckline as support. If this validates we should see xrp gain a considerable amount of market dominance back that it had lost over the last few years. May take a few candles to confirm..could also easily dip back below the neckline for a bit as well as is common on most...
