$XRP #CryptoMarket4T #AltcoinBreakout
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One of the most followed crypto analysts on social media, EGRAG CRYPTO, has just shared an in-depth analysis of XRP Dominance ā and what he reveals could leave the XRP community restless!
š Technical Pattern: Bullish Pennant Has Broken
On the technical chart shared, EGRAG points out the formation of a bullish pennant pattern ā one of the strong signals preceding an upward trend. Notably, this pattern has been broken, indicating that XRP's upward momentum is entering a breakout phase.
According to technical measurements from the breakout point, XRP Dominance could rise from 21% to 275%, signaling a growth cycle that EGRAG calls the "Kaboom Phase" ā a phase of strong explosion.
š VRVP And The Role Of The 5.75% Level
EGRAG emphasizes the importance of the VRVP (Volume Profile) indicator ā a tool that shows trading volume at specific price levels. VRVP indicates there is a "vacuum resistance area" above the 5.75% dominance level, meaning if XRP surpasses this level and closes above, the likelihood of further acceleration is very high due to little historical resistance.
š Fibonacci-Based Forecast: Price Target 9 ā 36 USD?
Based on the prediction table according to Fibonacci levels and assuming the total crypto market cap reaches 10 trillion USD, EGRAG presents the following scenarios:
EGRAG even set a final dominance target of 27%, which, if achieved, would push XRP to a price level above 40 USD, depending on the overall market cap.
š Kaboom Phase: Ready?
According to EGRAG, the breakout point will be activated when XRP Dominance surpasses 5.75% ā this is the "key to unlock" a massive bullish wave (Mega Bullish Wave). Technical factors, chart patterns, and the current market context all support this.
However, he also notes that the community may not be "bullish" enough to realize the scale of the upcoming surge. This implies that market sentiment is lagging behind technical analysis ā and when these two factors align, XRP's price could rise stronger than expected.
š§ Conclusion
Analysis from EGRAG CRYPTO is not only optimistic but also supported by clear technical data. With a strong breakout, a clear resistance area above, and ambitious Fibonacci levels, XRP may be on the verge of entering a historic explosion phase.
š Investors should closely monitor the 5.75% dominance level, as when this level is broken, the Kaboom Phase may officially be triggered. Are you ready?
š Note: This is not investment advice. Always do your own research and manage risks before making decisions