Now, with the #XRP price rebounding beyond the $0.5 on the back of the U.S. elections last November, XRP dominance soared to a four-year peak of 5.58% by January. Despite a drop alongside XRP’s price pullback to the $2 lows, dominance currently sits at 3.97%.

However, some XRP market commentators believe XRP dominance could soar beyond the 31.33% peak to reach a new all-time high of 40%. Before this can happen, XRP would need to capture a lot of the market share from Ethereum and Bitcoin.

For context, Bitcoin dominance currently sits at 64.15%, the largest for any single crypto asset. Meanwhile, Ethereum dominance stands at 9.71%, the second largest. At these dominance figures, Bitcoin has a market cap of $314.5 billion, while Bitcoin boasts a valuation of $2.08 trillion.1111