XRP’s Unstoppable Rise: Can It Dethrone Bitcoin and Ethereum?

by
  • While altcoins suffer significant losses, XRP‘s dominance reaches its highest point since 2020.
  • XRP gains 2.61% in just one day!

Over the past year, Ripple‘s XRP has experienced one of the most impressive growths across the charts, skyrocketing from a low of $0.4 to a high of $3.2. 🚀💸

This expansion has had a tremendous impact on its position in the wider crypto market. But beware, dear reader, for the tale that follows is filled with twists and turns that will leave you on the edge of your seat!

At press time, XRP’s dominance is outperforming the majority, if not all altcoins, and also Bitcoin [BTC]. In fact, XRP.D is currently at its highest level since 2020. 😲 But wait, there’s more!

Read more$70 million in 24 hours: Can Ethereum crack $4,000 thanks to whales?

Looking at BTC’s strength, it suggests that Bitcoin dominance — in a 3-day timeframe — is at the highest level it has been throughout this cycle. So, BTC’s market share is at the highest point it has been so far since April 2021. This directly shows that altcoins across the board have the least dominance since 2021. Thus, XRP is outperforming most altcoins. 🥇

So, what does this all mean? Well, my dear friend, it means that XRP is on a roll, and it’s not stopping anytime soon! 🌪️

What XRP’s charts suggest

XRP’s market cap dominance has risen from 1.7% to 5.17% over the past year. This shows that XRP has seen massive capital inflow with the number of users, and an increased adoption rate relative to other crypto assets. 💰

Compared to the market cap of the largest altcoin, Ethereum [ETH], which from 17% to 8% over the past year, XRP has gained over the same period. This is like watching a slow-motion car chase, but with numbers! 🚗💨

Read moreBitcoin halving could be a ‘sell-the-news’ event, at least for a few months

Additionally, XRP’s risk-adjusted to returns has experienced strong growth over the past year, rising from negative (-0.315) to a high of 2.39 and now settling at 1.61. Such a spike implies that XRP is providing more returns relative to the risk taken. This has made the asset more attractive to investors, leading to more capital inflow and higher adoption rate. 📈

What next for the altcoin?

With the rising strength against the market, Ripple’s XRP is well positioned for growth. If the strength observed holds for a sustained period, it will not only challenge the competition, but also see more gains on its price charts to reclaim $3. 📈💸

So, dear reader, are you ready to witness the rise of XRP? Will it dethrone Bitcoin and Ethereum

Read More

2025-03-14 02:17