HomeUncategorizedXRP Dominance Telling a Much Bigger Story, as It Holds Historical Support for 14 Months

XRP Dominance Telling a Much Bigger Story, as It Holds Historical Support for 14 Months

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The XRP dominance may be telling a much bigger story than people realize, as it has held above a historically important support trendline for over a year.

While XRP’s price has continued to fluctuate between highs and lows across multiple cycles, the XRP dominance has always gravitated toward a historically important horizontal support trendline over the past 10 years. Market data shows that this trendline sits at the 3.855% dominance.

Today, XRP’s dominance holds above this trendline, maintaining a value of 3.889% at press time. However, a more interesting achievement is how the XRP dominance has maintained a position above this support trendline for over 12 months despite the price struggles within this period.

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Key Points

  • The XRP dominance has continued to gravitate toward a horizontal support trendline at 3.855% for over a decade.
  • The dominance remained below this trendline for four years until XRP’s price surged above the $2 mark in November 2024, pushing dominance above the trendline.
  • XRP’s dominance has continued to hold above the trendline on the weekly chart since then, maintaining this position for 14 months now.
  • While the XRP price has struggled within this period, the position of the asset’s dominance shows momentum may be building.

XRP Dominance Telling a Much Bigger Story 

Bird, an XRP community pundit, called attention to this positioning, insisting that the XRP dominance is telling a much bigger story than most investors realize. Notably, this comes as XRP continues to struggle around the $2 price mark, recently dropping below it in what appears to be renewed bearish pressure.

While the prevailing price action has dampened investor sentiment, Bird believes the XRP dominance chart tells a different story. Confirming that the XRP dominance has remained above the historically important support since November 2024, the analyst suggested that XRP is not showing weakness but is building a base at that level.

Historical Context

Notably, historical data suggests that XRP’s price action around this support trendline has determined its direction over the years. Specifically, Bird stressed that each time the XRP dominance defended this zone or pushed through it, the ensuing price surge has always been explosive.

This pattern first played out in November 2014, when the XRP dominance soared from 2.813% through the trendline at 3.855%. The breakout coincided with a price surge from $0.00518 to $0.028 by December 2014. Another occurrence emerged in March 2017, and the XRP price rallied 4,156% from $0.00937 to $0.3988.

Historical Context on XRP Market Dominance Bird
Historical Context on XRP Market Dominance | Bird

Moreover, when the XRP dominance rose from 2.309% in December 2017, and pushed through the support trendline to a high of 17.983%, XRP’s price soared from $0.2259 to $3.31 by January 2018. In the most recent occurrence, the XRP price rallied from $0.5 to $3.4 from November 2024 to January 2025 after the dominance breached the support trendline.

XRP Dominance Has Maintained Structure 

Bird’s chart indicates that since XRP’s dominance broke above the trendline in November 2024, it has not closed below it. As a result, the analyst stressed that XRP has maintained its structure with no breakdown. Instead, the asset has only recorded “repeated defense” of the support over the last 14 months.

XRP Dominance 1D Chart Bird
XRP Dominance 1D Chart | Bird

Bird argued that when dominance holds above such historically important support for too long, the asset involved is not on the verge of drifting lower. The analyst believes XRP could be setting up for an expansion through what he calls the XRP launchpad. However, this remains highly speculative, as there’s no guarantee XRP could surge from here.

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

Author

Mark Brennan
Mark Brennanhttps://thecryptobasic.com/
Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class.

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