Cryptocurrency analyst Egra Crypto he boldly predicted that the price of XRP would surpass Bitcoin and Ethereum. The analyst provided an in-depth analysis showing that XRP has a much higher multiple than BTC and ETH.

XRP price outperforms Bitcoin and Ethereum

In Post XEgrag Crypto has predicted that the price of XRP will outperform Bitcoin and Ethereum as it predicts that XRP’s market capitalization could range from $619.61 billion to $1.56 trillion. Given XRP’s dominance and market potential, the cryptocurrency has stated that it has a much higher multiple than the two largest coins by market capitalization.

Egrag Crypto went further to explain why a surge in XRP price dominance is imminent. A cryptocurrency analyst noticed this XRP domination is currently trading 3.93% above the Fibonacci level of 0.382, and if the cryptocurrency closes above Fib 0.5 (5.57%), then XRP could witness double-digit dominance in the future.

Egrag Crypto mentioned that the VRVP of XRP price shows a gap above 4.30%, which means less resistance and a smoother path to highest level ever (ATH) and beyond. The analyst noted that the “Kaboom green zone” starts at Fib 0.50, signaling a substantial move forward for the cryptocurrency.

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

This includes Fib 0.0702, which means XRP price dominance of 11.44%, and Fib 0.786 and 0.888, which means dominance of 15.22% and 21.5%, respectively. Meanwhile, a cryptocurrency analyst predicts that total cryptocurrency market capitalization it could reach $5.42 trillion or $7.25 trillion if it reaches Fib 1.414 and Fib 1.618 respectively. This would mean that XRP’s market capitalization would be $1.16 trillion, or $1.56 trillion if the cryptocurrency achieved 21.5% dominance.

The short-term goal remains an augment in the ATH price

After a year-to-date (YTD) gain of just over 200%, the near-term price target for XRP is to augment to its current ATH of $3.80. Cryptocurrency analyst Javon Marks he suggested that XRP could reach this target soon, forecasting a rise to a fresh ATH of $4.8.

He noted that the price of XRP has touched a plateau Target $2.47 and briefly broke above it before falling back to the resistance level. However, since this represents a bullish signal on a low time frame, a move above this resistance level may be imminent, which Marks believes will pave the way for gains to $4.8.

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

Featured image created with Dall.E, chart from Tradingview.com