XRP must break above the 10% dominance mark soon or risk missing its moment in this cycle despite promising chart patterns.
Technical setups like the falling wedge and bullish rectangle suggest XRP could reach 18% to 27% dominance if momentum picks up.
The decade-long Sky Dome resistance still caps XRP's growth, but a strong breakout could trigger its fifth and biggest market cycle.
XRP is nearing a crucial moment that could define its long-term performance in the current market cycle. Crypto analyst Egrag Crypto shared a detailed chart showing that XRP dominance must break above 10% to confirm meaningful success.
Despite a past breakout from a falling wedge, the asset remains stuck below key resistance, including the long-standing “Sky Dome” curved ceiling. If XRP fails to climb past this zone, many traders may label the 2024–2025 cycle a missed opportunity.
Egrag outlines two major bullish formations—both on the monthly chart—which point to an upside if momentum builds. The falling wedge pattern targets 18% dominance, while the bullish rectangle forecasts a potential jump to 27%.
Source: Egrag Crypto
These technical structures typically indicate reversals, adding weight to XRP's breakout narrative. However, XRP dominance still hovers well below 10%, which the analyst says would signal underperformance if not breached soon.
Sky Dome Resistance Limits XRP's Growth
The “Sky Dome,” a long-term resistance arc, has capped XRP’s rallies for nearly a decade. This level represents a historical ceiling, visible since XRP’s peak in 2017. Despite multiple bullish setups, XRP continues to trade within this tight range. Unless it breaks through decisively, its market dominance could stagnate further.
XRP currently sits in its fourth major cycle, according to historical data from 2015 onward. Previous cycles saw sharp rises followed by steep corrections. Despite the fact that technical signs point to increasing pressure, the current cycle has been relatively quiet. The 1.618 retracement is indicated as a probable breakthrough objective by the Fibonacci levels, which provide more clarification.
Continuation patterns such as bullish pennants and rectangles remain visible on the right side of the chart. These suggest upward potential but depend entirely on XRP pushing past its established limits. Projections now extend to 2030, showing long-term optimism—but that future hinges on breaking the Sky Dome.
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