Expert Says XRP Dominance Still In Most Bullish Formation. Here's What to Expect

XRP Dominance is once again in a defining moment, with its current structure on the monthly time frame suggesting a potential for significant upward movement.

According to prominent crypto analyst EGRAG CRYPTO (@egragcrypto), the digital asset’s market cap dominance remains in what he describes as “the most bullish formation.”

The accompanying chart illustrates a long-term bullish pennant pattern, a setup that historically carries a strong likelihood of breaking upward, typically between 60% and 65%, based on EGRAG’s notes.

Monthly Structure and Key Levels

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The chart presents a clear structure dating back several years, where XRP Dominance has respected a descending channel. Within this context, recent price action has moved above a key long-term resistance zone, currently undergoing a crucial retest.

EGRAG CRYPTO states the importance of holding the 4.5% level, stating that maintaining this level is vital for the continuation of the bullish pennant formation. Another analyst recently drew attention to the shifting market sentiment as traders are moving away from Bitcoin to altcoins.

The chart shows that XRP Dominance has tested major support zones on multiple occasions. Each of these retests preceded major upward movements. These helped it reach current levels. Now, the asset appears to be mirroring this behavior once again.

Breakout Potential and Target Zones

The white rectangular region on the chart, positioned around the 4.5% to 5.75% range, represents a historically significant resistance zone that could soon become support. The market is currently engaging with this region, and a successful hold above it could validate the bullish turn.

Above this area lies what EGRAG refers to as the “VOID,” a region lacking major historical resistance, potentially allowing XRP to shift toward a price discovery phase. Projected targets are outlined at 21% and 27%. These translate to $13.34 and $17.15, placing XRP firmly within double-digit territory.

Additionally, the analyst highlighted crucial resistance levels, aligning with Fibonacci extension levels. These are 11.44% (Fib. 0.702), 15.22% (Fib. 0.786), 21.54% (Fib. 0.888), and 31.54% (Fib. 1). At current market values, these translate to $7.27, $9.67, $13.68, and $20.04.

It’s also important to note that this analysis is built on a monthly timeframe. As EGRAG emphasizes, signals on this scale are typically more stable and less prone to short-term volatility. Supporting indicators such as moving averages and long-term trendlines are also integrated into the chart, showing the gradual curvature upward, supporting the notion of building bullish momentum.

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