Is XRP on the Verge of a Revolutionary Breakout? Analysts Predict Unprecedented Market Dominance

A well-known cryptocurrency expert says that XRP could soon become the market leader. If everything goes as planned, the token could see a historic rise as technical indicators turn green and a Wyckoff breakout may be happening.

The third-largest cryptocurrency is preparing for its strongest climb to date, according to a new bullish prognosis for the price of XRP released by cryptocurrency specialist XForceGlobal.

The analyst thinks that XRP may soon experience a possible surge between $20 and $30 this bull cycle, with the Elliott Wave Theory serving as the primary indication for this move, according to XForceGlobal’s video analysis.

With analyst Cryptoinsightuk predicting that XRP may command up to 30% of the total cryptocurrency market capitalization in this cycle, a fivefold increase from current level, the token’s market domination may be poised for a historic breakout.

How likely is it that the 30% dominance goal can be reached?

A rising bullish structure on the XRP dominance chart, supported by a crucial technical signal, the three-day Relative Strength Index (RSI) has broken its multi-year downtrend for the first time since XRP’s most recent local highs, is the basis for the audacious prediction.

This development, which can be seen in the attached chart, indicates a substantial shift in the dynamics of the market and may represent the start of a fresh accumulation-driven growth.

According to the researcher, the dominance of XRP has completed a classic Wyckoff accumulation pattern. They said, “I would say we’re nearing the end of Phase D and about to enter Phase E, and we’ve pretty much completed a Wyckoff accumulation pattern.” The Wyckoff technique states that Phase E is the breakout phase, at which time assets usually have large markup periods following extended accumulation.

The theoretical Wyckoff schematic superimposed directly over the price action of XRP domination is compared side by side to support this interpretation.

The analyst points to the most recent “Last Point of Support” (LPS) as proof that XRP is getting closer to breaking out after finishing the “Spring” phase, which is a final shakeout that catches late sellers before a long rise.

Why are people saying this XRP breakout will happen?

The analyst also said that the signal is especially interesting when looked at over a three-day period, which gets rid of short-term noise and shows bigger cyclical trends. The expert said, “If that’s true, XRP dominance should go up a lot.”

The expert notes that there is still little agreement among market participants about specific goals, with many anticipating a high in XRP dominance of about 14%.

The analyst stated, “I think we could push as high as 20% dominance, but many are calling for a top around 14%.” “I personally aim for the 20% zone, but there’s even a chance we reach 30%, which would be a five-fold increase in dominance from current levels.”

What could make XRP want to take the lead in the story again?

Since XRP now controls less than 6% of the market, the analyst’s 20–30% target is not only audacious but revolutionary. It would be the first time that XRP has held such a large portion of the cryptocurrency market since the early days of the 2017 XRP rise.