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Breaking News: Major Win For Memecoins: SEC Affirms They Typically Do Not Qualify As Securities

Analyst Says XRP Price Will Outperform Bitcoin And Ethereum, Reveals ‘Secret Under The Hood’

Scott Matherson
Scott Matherson
4 months ago
3 mins read
XRP price

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Crypto analyst Egrag Crypto has boldly predicted that the XRP price will outperform Bitcoin and Ethereum. The analyst provided an in-depth analysis showing that XRP has a much higher multiplier than BTC and ETH. 

XRP Price To Outperform Bitcoin And Ethereum

In an X post, Egrag Crypto predicted that the XRP price would outperform Bitcoin and Ethereum as he envisages XRP’s market cap could reach between $619.61 billion and $1.56 trillion. With XRP’s dominance and market potential, the crypto asserted that it has a much higher multiplier than the two largest coins by market cap. 

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Egrag Crypto went further to explain why an explosive surge in the XRP price’s dominance is imminent. The crypto analyst noted that XRP’s dominance is currently at 3.93% above the Fibonacci 0.382 level, and if the crypto closes above Fib 0.5 (5.57%), then XRP could witness a double-digit dominance ahead. 

Bitcoin Ethereum 1
Source: X

Egrag Crypto mentioned that the XRP price’s VRVP is showing a void above 4.30%, meaning less resistance and a smoother road to an all-time high (ATH) and beyond. The analyst remarked that the “Kaboom green zone” starts at Fib 0.50, signaling a big move ahead for the crypto. 

Egrag Crypto added that the XRP price’s smaller market cap offers higher upside potential. This means the crypto could enjoy faster dominance growth as it catches up with the broader altcoin rally and takes Lion’s share. The crypto analyst highlighted three key levels to watch for XRP’s dominance. 

XRP Price 2
Source: X

This includes Fib 0.0702, which puts the XRP price’s dominance at 11.44%, and Fib 0.786 and 0.888, which puts the dominance at 15.22% and 21.5%, respectively. Meanwhile, the crypto analyst predicts that the total crypto market cap could hit $5.42 trillion or $7.25 trillion if it reaches Fib 1.414 and Fib 1.618, respectively. This would put XRP’s market cap at $1.16 trillion or $1.56 trillion if the crypto hits a 21.5% dominance. 

A Rally To ATH Remains The Short-Term Target

Having already enjoyed a year-to-date (YTD) gain of just over 200%, the short-term target for the XRP price is a rally to its current ATH of $3.80. Crypto analyst Javon Marks suggested that XRP could soon reach this target as he predicted a rally to a new ATH of $4.8. 

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XRP Price 3
Source: X

He noted that the XRP price touched the $2.47 target and broke above it briefly before dropping this resistance level again. However, with this representing a low time-frame bull signal, movement above this resistance level could be imminent, which Marks predicted would pave the way for a rally to $4.8. 

Bitcoin Ethereum 4
Source: X

At the time of writing, the XRP price is trading at around $2.19, down over 4% in the last 24 hours, according to data from CoinMarketCap. 

XRP price chart from Tradingview.com
Price moving back above $2.1 | Source: XRPUSDT on Tradingview.com
Featured image created with Dall.E, chart from Tradingview.com
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Scott Matherson
Scott Matherson

Scott Matherson

Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers.

Read more

Scott’s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott’s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life.

With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others.

Scott’s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott’s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry.

Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors.
In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else.

Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies.

Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

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