XRP’s market dominance, after years of decline, has finally broken out of a long-term downtrend dating back to 2017.
Historically, XRP reached a market dominance of around 30% during the last powerful bull cycle. At the time of Steph’s recording, XRP held roughly 4% of the total crypto market share. Meanwhile, Bitcoin dominated at 62% and Ethereum at around 10%.
Steph suggests that if XRP can reclaim its previous dominance highs, it could significantly boost the token’s value and reward today’s investors. He leveraged various market assumptions for XRP to forecast the potential worth of 2,000 coins.
, XRP Hits $34
Steph’s second scenario assumes a more optimistic market environment, where the total crypto market cap doubles to $6.96 trillion.
With the same 30% market dominance, XRP’s price would rise to $34.20. Under this projection, 2,000 XRP tokens could be worth $68,400, representing a gain of over 1,370% from current levels.
Steph emphasizes that this scenario is possible and probable, given growing institutional interest and broader crypto adoption trends. Notably, several institutions have disclosed plans to hold XRP as a treasury asset. Others have filed for ETF products involving XRP.
Technical Pattern Supports Bullish Outlook
Beyond market dominance, Steph highlighted a key technical formation on XRP’s monthly chart: a double bottom (W) pattern, with a confirmed breakout above the neckline and monthly closes above previous all-time highs.
The target price from this chart formation is approximately $30 per XRP, aligning closely with the target in Scenario 2.
“This is extremely bullish,” Steph noted, pointing out how the chart pattern supports both a market cap doubling and a return to historical dominance levels.
Despite the bullish outlook, Steph tempers expectations by noting there are no guarantees XRP will return to 30% dominance. Meanwhile, he noted even a rise to 15–20% could still deliver strong gains for investors.$XRP
