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Plus: Are NFTs about to wake up? |
GM. Orange you glad we squeezed all the headlines into one tall glass? Cheers. 🍍 Is XRP ready to go way higher? 🤔 Are NFTs back? 🍋 News drops: Trezor deals, the GENIUS Act + more |
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We’re still back, y'all - crypto held its ground over the weekend 🥳 Altcoins in particular are having quite the time of their lives (mainly 'cause Ethereum's strong rally is pulling them up). And today, we're taking a closer look at one standout: XRP, which recently hit a new all-time high. Naturally, the big question is: can it go even higher? Analyst Dom says, yes, XRP’s USD price reached new heights - but other important charts haven’t all lined up to confirm a bull run. Think of these charts like a checklist: the more boxes you tick off on it, the better your chances for a smooth way up. So, let’s go through it 👇 1/ XRP dominance Why care? Because it shows how much of the entire crypto market belongs to XRP. If its price goes up in dollars but it’s still not gaining a bigger share of the market, it could just mean other coins are doing even better. Basically, a rising dominance tells you XRP is leading, not just keeping up. And right now, XRP’s dominance is around a level we haven’t seen in 6 years - 5.37%. Breaking above it would be a good sign - the last time it did back in late 2017, XRP's price exploded soon after. Will history repeat? No guarantees - but this is one to watch. 2/ XRP vs. BTC (XRP/BTC) Why care? Because Bitcoin is top dog. If XRP can actually outperform Bitcoin instead of just tagging along, that’s a big flex. There’s this stubborn resistance level - 0.0000317 BTC - which XRP has tested (and failed) more than 8 times over the past 7 years. But… on the rare times XRP did break through that level, the price increased fast. Right now, it’s testing that same level again. If it finally breaks, traders think another big jump could follow. 3/ XRP vs. Ethereum (XRP/ETH) Why care? Ethereum is the biggest altcoin. If XRP can outperform it, it shows XRP is one of the strongest altcoins. On this chart, there’s a tough ceiling at 0.0012 ETH. XRP tried to break through it earlier this year but couldn’t - mostly because ETH has also been really strong. The analyst doesn't expect XRP to break past it yet. But when it finally does, history says we could see some fireworks. 4/ XRP vs. Gold (XRP/XAU) Why care? Because measuring XRP in dollars doesn’t tell the full story - the dollar itself has been losing value (because inflation). That means hitting an all-time high in USD doesn’t necessarily mean XRP is more valuable - it might just mean the dollar got weaker. Gold, on the other hand, is much more stable over time. So comparing XRP to gold gives you a better idea of its real value. And even though XRP set a new high in USD, it’s still below its old highs when measured in gold. If it can break above that level, it would be a much stronger sign that XRP is creating actual, lasting value - which is why Dom sees it as a crucial step before XRP can make a meaningful run past $5. In short: XRP’s USD chart looks strong, but the real party doesn’t start until it breaks through these other long-term resistances. Until then, the full bull trend isn’t confirmed - but we’re getting closer. |
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