XRP Poised for Major Comeback: Dominance at 4% Could Propel Price Beyond $10
Market commentator Z988 Crypto suggests XRP is poised for a major comeback. Currently holding around 4% of total crypto market cap, the level that sparked a previous 3× surge, XRP’s rising dominance could trigger significant price gains.
The analyst points out that XRP’s previous hold around the 4% dominance mark triggered a major bullish cycle, with price rising in tandem. If history repeats, XRP could reclaim over 10% of total crypto market cap, potentially sending its price well above $10 per token.
Why might dominance matter so much? Well, dominance is a measure of how much of the total crypto-market value is held by a specific asset.
When XRP’s slice grows, that suggests money is flowing into XRP at the expense of many other coins. Historically, when XRP dominance gathered momentum, it coincided with strong price performance.
Interestingly, XRP is holding steady at a 4% dominance base, avoiding a slide toward weaker levels. This stability suggests accumulation and underlying strength, laying the groundwork for a potential surge. This explains why Z988 Crypto suggests that XRP’s dominance may be poised for a breakout.
Federal Reserve Signals Fast-Track for DLT Adoption
Prominent crypto observer SMQKE reports that the Federal Reserve recognizes that distributed ledger technology (DLT) can be deployed rapidly, with Ripple Labs standing out as the sole DLT provider on the Fed’s Faster Payments Task Force.
The Federal Reserve’s Faster Payments Task Force (FPTF), launched in 2015, aimed to create safe, ubiquitous, and faster payments in the U.S. Its final report highlighted that real-time, data-rich payments require industry collaboration, upgraded infrastructure, and openness to emerging technologies.
It specifically calls for ongoing research into innovations like digital currencies and distributed ledger technologies.
Therefore, SMQKE highlights the Fed’s view that DLT networks can be implemented ‘relatively quickly’ signals readiness for faster, more agile payment systems. With Ripple the sole DLT company on the Task Force, it occupies a unique position to bridge traditional payments and blockchain innovation.
Conclusion
XRP’s 4% market dominance signals potential for a major comeback. History shows that reclaiming market share could propel its price past $10.
Meanwhile, the Federal Reserve’s recognition that distributed ledger technology can be deployed 'relatively quickly,' coupled with Ripple’s unique role on the Faster Payments Task Force, marks a potential turning point for U.S. payment systems, highlighting Ripple’s strategic bridge between traditional finance and blockchain innovation and bringing faster, more efficient payments closer to reality.
