Is Ripple (XRP) the Next Big Winner? Dominance and Technicals Signal Price Surge

• Ripple (XRP) consistently closing above the 21 EMA on the 4-hour chart signals a bullish trend, with potential for further price rise.
• Strong accumulation below $3 by “Bulls” is laying a solid foundation for XRP, with more investors increasing demand for future growth.
• XRP’s dominance and bullish technicals, including ABC waves and Fibonacci support, suggest a breakout is likely, with upward momentum.

Ripple (XRP) is looking quite bullish at the moment and according to the latest technical analysis it could be set for a price rise. In the recent X post, Egrag pointed out that XRP has been consistently closing above the 21 Exponential Moving Average (EMA) on the 4 hour chart. This price action signifies short-term bullish trend signifying that token has the potential of further rising.

The “Bulls” especially have been buying XRP whenever the price drops to below $3 as investors. This strategy of buying on dips is laying down a good foundation to enable it grow in the future. If support remains above $3, token has a good chance of surging higher as more investors pile into thecryptocurrency.

XRP Dominance Signals Growth

Another important factor that shows the possibility of the growth is the dominance of XRP in the market. The analysis also identifies how dominance metrics in cryptocurrency trading can be used to determine the future price movements. This is especially true when Bitcoin Dominance drops and as liquidity shifts from BTC to other assets, assets like XRP outperform. It is crucial for investors tracking the market to know the direction and quantity of liquidity movement between different major coins.

The current technical analysis of Ripple token reveals several decisive signs of further strength of the currency. The identification of ABC corrective waves implies that a price reversal could be expected in the near future. Ripple’s price has fluctuated, which also strengthens the view that an uptrend could be in the offing. Moreover, token jumped above a key Fibonacci level of 0.888 within one day indicating more Buying pressure in the Ripple market.

XRP Poised for Breakout

XRP is still dominant and can be seen still as the seventh largest digital currency in the market. All Williams Alligator moving averages are located above the asset prices, suggesting that the upward movement may go on. In addition, coin has remained above the 21 EMA, which is another sign that bullish pressure is gathering steam. All these technical factors put together point to the fact that cryptocurrency could be about to break out.

Experts are also looking forward to the short-term performance of token. Placing emphasis on the fact that a large portion of the tokens are trading below $3 and considering the bullish signals on the chart, a major upward movement may be expected soon. Thus, as the market keeps showing the green light, token can experience a significant increase in the near future.

XRP is preparing for a possible bullish run. This cryptocurrency is ready to move up with good market cap, good technicals, and increased investors trust. If these trends are to persist then cryptocurrency could be on the verge of a breakout that could be very profitable to its owners.