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Analyst Says XRP 3D RSI Looks “So Ready to Turn Up”

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While XRP has struggled alongside the broader crypto market, an analyst suggests the 3-day RSI points to an imminent price upsurge.

Notably, the XRP price has failed to meet expectations over the last few weeks, as traders continue to wait for a solid rebound push that has failed to materialize. Since early October, each attempt at a recovery has faced a roadblock at lower resistance levels.

Specifically, when XRP staged a recovery in late September, it met a roadblock at the $3.09 resistance on Oct. 3. After a pullback, the next recovery met a roadblock at $2.69 on Oct. 27. From here, the next rebound effort faced a roadblock at $2.58 on Nov. 10. After this, the next roadblock stood at $2.28 on Nov. 24. Now, the latest roadblock came up at $2.21 on Dec. 4.

XRP seeing roadblocks at lower levels
XRP seeing roadblocks at lower levels

XRP 3D RSI Drops to November 2024 Lows

Despite this discouraging trend alongside a drop in bullish momentum, market analyst CryptoInsightUK remains confident that a full-blown XRP rebound may be imminent. He called attention to the signals from the 3-day timeframe, specifically pointing to the relative strength index (RSI). 

For the uninitiated, the RSI typically tracks how quickly and strongly the price of an asset moves. While extreme figures show whether the asset is oversold or overbought, the direction of the RSI, whether up or down, also indicates whether the bears or the bulls dominate the market.

Since July 2025, when XRP reached the $3.66 top, the 3-day RSI has continued to trend down, confirming that the bears have had control of the market within this period. Amid this downturn, the RSI has collapsed to a low of 39, marking its lowest level since November 2024.

An Imminent Upsurge?

Interestingly, when the 3-day RSI saw this low back then, what followed was an impressive price surge for XRP, which resulted in a 580% uptick from $0.5 in November 2024 to $3.4 in January 2025. Expectedly, the RSI also surged alongside this price rally, indicating that the bulls had dominated the overall trend.

XRP 3D RSI CryptoInsightUK
XRP 3D RSI | CryptoInsightUK

CryptoInsightUK’s analysis indicates that XRP may be gearing up for a similar upsurge. According to the market analyst, the 3-day RSI seems ready to “turn up” from the current position. While he failed to share any price targets for this imminent upsurge, if XRP replicated only half of the 580% rise last year, its price could rise from the current $2.06 to around $8.

Notably, CryptoInsightUK is not the only market commentator confident of a possible XRP rebound. Pundit Zach Rector also recently dismissed claims that XRP may not see any reasonable uptick before the U.S. Clarity Act becomes law, noting that the token has already demonstrated its penchant for growth “without a u laws.”

Meanwhile, crypto analyst Tara suggested in a recent market commentary that XRP must breach two resistance levels around $2.18 and $2.3 before soaring to higher levels around $2.73, which marked her Wave 3 high.

Strategy Chairman Says 8 of the Top 10 US Banks Now Offer Bitcoin Loans

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Strategy’s executive chairman, Michael Saylor, underscores how quickly traditional financial institutions are now embracing cryptocurrencies, particularly Bitcoin. 

Speaking at the recently concluded Binance Blockchain Week, Saylor noted that he once expected major global banks to take 4 to 8 years to fully adopt Bitcoin. However, he now sees the shift unfolding much faster than he anticipated.

Financial Institutions Embracing Crypto Faster

Over the past 12 months, he explained, several heavyweight financial institutions, including Citibank, BNY, Bank of America, PNC, JPMorgan, Wells Fargo, and even Vanguard, have pivoted from a hostile stance on Bitcoin and crypto assets to a markedly positive outlook.

For example, Vanguard recently enabled its clients to trade ETF shares linked to cryptocurrencies such as XRP and Bitcoin.

Saylor emphasized that this transformation is no longer a distant projection but a change already playing out in real time.

Charles Schwab and Citibank to Offer Bitcoin-Backed Loans

Meanwhile, Saylor noted that U.S.-based financial institutions are planning to offer Bitcoin-related services, particularly credit lines backed by BTC and custody services.

According to him, Schwab plans to offer Bitcoin custody services and extend credit against crypto as early as next year. He added that Citibank is preparing similar offerings in the United States.

Saylor recalled how difficult it used to be for him to secure loans from major banks using Bitcoin as collateral. Today, however, eight of the top ten U.S. banks are issuing credit backed by Bitcoin—a dramatic reversal.

He noted that these institutions have flipped their stance within the past six months, underscoring how rapidly the banking sector is moving toward Bitcoin integration.

Rapid Adoption of Crypto Among US Financial Institutions

Several financial institutions began experimenting with crypto and blockchain technology years ago. For example, Goldman Sachs issued its first Bitcoin-backed loan to a borrower as early as 2022.

However, interest in such services has surged dramatically since Donald Trump was sworn in as the 47th U.S. President. With his administration pushing to introduce more favorable regulations, financial institutions are no longer staying on the sidelines. Instead, they are actively preparing to integrate Bitcoin into their core lending, custody, and credit operations.

Recent reports indicate that JPMorgan plans to allow institutional clients to borrow against their Bitcoin and other crypto holdings by the end of this year. Saylor also revealed that Schwab and Citibank intend to roll out similar services by 2026.

What seemed unattainable a few years back is quickly becoming inevitable, with Saylor indicating that banks are rapidly embracing Bitcoin.

PNC Bank Becomes First Major U.S. Bank to Offer Direct Bitcoin Trading

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PNC Bank has officially launched direct spot Bitcoin trading for eligible clients, becoming the first major U.S. bank to offer native BTC trading on its digital platform.

According to the Tuesday press statement, this service is powered by Coinbase’s Crypto-as-a-Service (CaaS) infrastructure.

The PNC–Coinbase Partnership

Earlier this year, PNC Private Bank partnered with Coinbase to allow clients to hold, buy, and sell Bitcoin directly through PNC’s online banking platform. Using Coinbase’s secure trading and custody tools, clients do not need separate crypto exchange accounts.

Through PNC Private Bank Online’s Portfolio View, clients can manage Bitcoin in a familiar banking environment. 

With over 100 offices serving high- and ultra-high-net-worth clients, PNC’s move into direct crypto trading could reshape how private banking handles digital assets.

Bank-Grade Environment for Bitcoin

PNC CEO William Demchak said that rising interest in digital assets made it important for the bank to offer secure and well-designed options. The new crypto features allow clients to manage Bitcoin alongside traditional accounts, providing convenience and oversight in a single platform.

Coinbase Institutional co-CEO Brett Tejpaul noted that the collaboration demonstrates how traditional finance and on-chain companies can work together to expand access safely. 

Coinbase’s CaaS platform supports trading, custody, and financing, providing PNC with a turnkey solution without compromising security standards.

More Crypto Capabilities Coming

PNC confirmed it will expand crypto access to additional client segments and introduce new digital asset features in future phases. For Coinbase, the integration continues its effort to embed crypto asset access directly into the platforms of major financial institutions.

The partnership positions PNC as a leader among U.S. banks embracing the digital asset economy. 

Global Bitcoin Integration in Banking Apps

The latest move from Coinbase and PNC Bank reflects an emerging global trend. Just yesterday, The Crypto Basic reported that UAE Islamic bank Ruya launched in-app Bitcoin trading. This is the first Shari’ah-compliant institution worldwide to offer this service.

Specifically, the feature allows customers to buy and sell BTC within Ruya’s mobile platform. The initiative enhances Ruya’s ethical investment offerings and confirms demand for compliant crypto asset solutions in the region.

Here’s the Support Dogecoin Must Bounce from As It Eyes 114% Surge to $0.3

Dogecoin is testing key support levels with potential for a rebound, as an analyst predicts a surge to a 2-month high.

Currently changing hands for $0.1402, Dogecoin has experienced a 2.4% drop over the past 24 hours, trading within a narrow range of $0.1396 to $0.1443.

Despite the short-term drop, Dogecoin’s 7-day performance shows a mild recovery of 3.3%, indicating a slight upward trend over the week. However, the 14-day performance presents a more significant 5.8% loss, which aligns with the broader market trends.

This price action over the 24-hour and 7-day period highlights the volatility and uncertain sentiment surrounding Dogecoin. Amid this performance, traders and analysts are looking at technical charts to gain further insights into the potential direction of Dogecoin’s price movement. Where is Dogecoin headed?


Dogecoin’s Weekly Price Chart

Notably, the Dogecoin weekly chart reveals a downward price trend, with key Fibonacci retracement levels acting as significant support and resistance zones.

After peaking at $0.30676, Dogecoin has retraced to lower levels, with Fibonacci 1 at $0.130 providing the next strong support zone. The price is now headed towards this support, with a bounce taking it back to test the 0.786 Fibonacci zone above $0.168.

Dogecoin 1-Week Chart
Dogecoin 1-Week Chart

If the price fails to hold above this support, the next major level to watch is $0.0208. On the far upper side, the 0.618 Fibonacci level at $0.198 remains a significant hurdle, with the price struggling to break past it in mid-October. If Dogecoin manages to rally, this zone will be crucial to watch for potential rejection or breakout. 

Meanwhile, the ChandeMO indicator is currently in the oversold zone at -71.61, indicating bearish momentum, which adds to the significance of these support and resistance levels. A sustained price movement above $0.19753 could suggest a shift toward a more neutral stance, while further bearish movement could see the price test deeper levels near $0.021.

Another Classic Rebound Incoming? 

On the commentary side, analyst AltCryptoTalk highlights DOGE retesting a crucial weekly demand zone, which has historically been a catalyst for major rallies. This area, between $0.10 and $0.14, has consistently attracted buyers in the past, such as during the surge above $0.48 in late November and early December.

Dogecoin Weekly Chart
Dogecoin Weekly Chart

With Dogecoin’s price nearing this critical support level again, there is a strong possibility for another classic rebound. If this demand zone holds, the next key target could be the $0.30 resistance, presenting a potential for substantial upside in the near term. To reach $0.3 from the current price of $0.1402, Dogecoin must surge by 114%.

Prediction Model Predicts Potential Timeline for XRP to Reach $1,000

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An XRP community pundit recently presented what he called a prediction model for how XRP could grow to $1,000, but there’s a catch.

The XRP community has always been a hotbed of ambitious price predictions, and these audacious takes have dominated the scene over the past few weeks amid bullish developments surrounding Ripple, such as the acquisition of GTreasury and the partnership with Mastercard.

While XRP has faced struggles amid broader market turbulence, most analysts and community commentators have maintained confidence that a recovery campaign could emerge soon. At press time, XRP trades for $2.07, but discussions surrounding lofty price targets such as $1,000 have re-emerged.

For instance, in a previous commentary, community figure Diep Sanh addressed the widespread retail panic that came with the latest downturn despite XRP maintaining a price above $2. He noted that even if XRP collapsed from $1,200 to $1,000 by 2070, investors would still panic, forgetting how far the token has come.

Model Predicts XRP Price

In his most recent comment, Sanh presented what he called a prediction model for XRP’s journey to the $1,000 price mark by 2070, essentially 45 years away. However, he failed to address how he came up with the model, which appears to have some flaws.

For one, the prediction model suggests that XRP would trade for $1.02 in 2026, forecasting a massive 55% drop from the current price of $2.09. Moreover, he expects the decline to persist, potentially pushing XRP to a low of $0.61 by 2027, a price level XRP last saw during the November 2024 rally.

Meanwhile, Diep Sanh believes a mild recovery could ensue by 2028, which may lead to another retracement. He expects this trend of upswings and corrections to persist until XRP recovers to $2.37 in 2030. Essentially, his prediction model suggests XRP would return to its current price range in the next five years.

Still, he predicts a drop back to $1.6 in 2031. Sanh only expects XRP to claim the $10 price, a 336% increase from the current price, by 2036. This is 11 years from now, which largely underestimates XRP’s potential, considering the token rose 580% within three months, from November 2024 to January 2025.

XRP Path to $1,000

Notably, analysts have often predicted a potential XRP run to $26. For instance, EGRAG Crypto made one such projection last October, using a standard deviation model. However, Sanh’s prediction model says XRP may only reach the $26 price in 2043, essentially 18 years from now.

Looking ahead, the model predicts XRP to finally cross $500 in 2058 and eventually reach the $1,000 price target by 2070. For perspective, if this forecast proves true, investors currently aged 25 years will see XRP at $1,000 when they turn 70 years old.

Notably, Sanh’s model has received widespread criticisms from different ends. On the one hand, XRP critics argue that XRP may never reach $1,000, not even in 45 years’ time. Meanwhile, on the other hand, proponents insist that 45 years is a long time to wait for an XRP run to $1,000, which represents a 43,568% rise from the current price.

Amid the conflicting opinions, it is important that investors carry out their own research before making investment decisions instead of relying on prediction models or critical opinions. There is no guarantee that XRP will reach $1,000, even in 45 years.

Canary Capital CEO Says XRP Has Strong Institutional Demand

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The rapid ascent of XRP in the ETF arena continues to attract major voices from traditional finance.

In a tweet, Canary Capital CEO Steven McClurg highlighted “strong institutional demand” driving the asset’s breakout. His remarks come as XRP ETFs edge closer to the $1 billion milestone. The ongoing move marks one of the fastest early growth phases in the history of U.S. crypto ETFs.

Canary Capital: Institutions Are Rushing In

Responding to Ripple CEO Brad Garlinghouse, McClurg said Canary Capital identified the institutional appetite for XRP early. He described the firm as “humbled” to be involved and noted that his background in managing institutional capital made the demand impossible to ignore.

He also drew a link between XRP’s surge in ETF inflows and the rise of Ripple’s stablecoin, RLUSD, predicting the stablecoin will “blow past other stablecoins” under the leadership of Garlinghouse and the Ripple team. According to McClurg, the growth of both products is interconnected.

Garlinghouse: XRP Is Fastest to $1B Since ETH

Garlinghouse’s announcement highlighted how quickly XRP is capturing market share. Less than four weeks after launch, XRP has become the fastest U.S. spot crypto ETF to reach $1 billion in assets under management since Ethereum’s ETF in 2024.

Several crypto ETFs debuted in 2025 before XRP, but XRP products have overtaken them all with record inflows.

For context, the Solana ETF commenced trading on October 28 and has so far registered $640 million in inflows and $890 million in total assets.

Meanwhile, XRP ETFs, which started trading on November 13, have welcomed $935 million in inflows—just inches away from the $1 billion milestone.

XRP ETFs have reached this point with zero days of outflows since launch. Major issuers, including Canary Capital, Grayscale, Franklin Templeton, Bitwise, and soon 21Shares, have helped accelerate adoption.

XRP ETF inflow data
XRP ETF inflow data

The Ripple CEO said the recent surge in investment highlights two key points. Firstly, people have been waiting for safe, regulated ways to invest in crypto. Secondly, strong community support matters for new investors entering through retirement and brokerage accounts.

Traditional Finance Wakes Up to XRP

Amid the ongoing momentum, well-known portfolio manager Michael Gayed disclosed he “might do something related to XRP.”

The comment drew attention, given his success with other products. For many in the XRP community, Gayed’s shift further confirms growing curiosity from seasoned institutional strategists.

Ripple Says This Is Still the Beginning

Meanwhile, Ripple CEO maintains that crypto ETFs make up only 1% to 2% of the global ETF market, leaving significant room for long-term expansion.

And with XRP ETFs approaching the $1 billion mark faster than almost any other crypto product, the institutional wave may only be getting started.

Other commentators in the XRP community, such as YouTuber Moon Lambo, believe the ongoing ETF records imply that XRP has already proven itself as a long-term, legitimate crypto asset. In his view, debates about its longevity are now irrelevant.

Here Are Key Cardano Fib Levels to Watch as ADA Targets $0.456 

The Cardano price is at a critical juncture, with key Fibonacci levels determining potential bullish or bearish movement.

Cardano (ADA) currently changes hands at $0.4258, showing a 2.2% decline in the last 24 hours. The 24-hour trading range for ADA is between $0.4401 and $0.4255. Meanwhile, its market cap stands at $15.61 billion, with a circulating supply is 36.64 billion ADA.

Over the past 7 days, Cardano has experienced a 9.4% gain, while the 14-day performance shows a modest 1.8% increase. This indicates that, while ADA experiences some short-term recovery, its long-term performance has been struggling. Investors are now closely watching the next price movements to assess whether the recovery can be sustained.

Where’s Cardano Headed?

On the technical end, a daily TradingView chart for ADA reveals a Fibonacci retracement pattern that highlights key support and resistance levels. Currently, ADA is trading at $0.425, with the 0.236 retracement level at $0.43594 acting as the immediate resistance. This level marks the upper boundary of recent price action. Notably, if the price breaks above it, ADA could potentially aim for the 0 Fib retracement at $0.456.

Cardano 1-Day Price Chart
Cardano 1-Day Price Chart

On the downside, the 0.5 level at $0.4136 serves as an immediate support zone, which could provide buying pressure if the price retraces further. The 0.618 level at $0.4037 is a stronger support level, representing a deeper retracement in case of a larger correction.

The RSI (Relative Strength Index) is currently at 42.46, which indicates that ADA is neither in overbought nor oversold territory. This suggests a neutral momentum, with potential for further movement either way depending on broader market conditions. 

Ultimately, a break above $0.4359 could trigger a bullish move, while a decline below $0.4136 might indicate a bearish trend, targeting lower levels around $0.4036.

ADA Liquidation Data

Elsewhere, the liquidation data for Cardano reveals significant volatility in the market over the last few hours. In the past 4 hours, $13.06K in liquidations occurred, with $11.68K from long positions and $1.38K from short positions. 

Cardano Liquidation Chart
Cardano Liquidation Chart

Meanwhile, over a 12-hour period, $182.52K in total liquidations were recorded, with a strong dominance from long positions at $180.27K, indicating a bearish market shift or price correction.

Further, the 24-hour liquidation data shows $485.74K in total liquidations, where $358.53K came from long positions, reflecting continued pressure on traders holding long positions amid the fluctuating market.

Canada Revenue Agency Flags 40% of Crypto Users for Potential Tax Evasion

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Canada’s tax authority says many crypto users are failing to meet income-tax rules, raising concerns about widespread non-reporting across the digital asset sector.

The Canada Revenue Agency (CRA) informed The Canadian Press that nearly two in five taxpayers who use cryptocurrency platforms exhibit signs of evasion or other high-risk behavior.

CRA Flags Large Compliance Gaps

According to the CRA, 15% of cryptocurrency taxpayers have not yet submitted any returns. Among those who have filed, 30% are classified as high-risk.

As a result, the CRA has expanded its cryptoasset program, where 35 auditors are currently reviewing over 230 active files.

The agency stated that these efforts have generated approximately $100 million in recovered taxes over the past three years. This, in turn, underscores the magnitude of unreported activity.

Regulatory Gaps Limit Tax Enforcement

Despite these advances, the CRA stated that it still faces major obstacles. The agency notes that Canada’s current laws hinder the reliable identification of taxpayers involved in cryptocurrency activities. Consequently, this hampers its ability to verify the accuracy of income reporting.

Moreover, these legal gaps have constrained enforcement, prompting the CRA to request more comprehensive disclosures from select cryptocurrency platforms.

In particular, the agency targeted Dapper Labs, the Vancouver-based company identified by the government amid concerns that certain users may be engaging in tax evasion.

Dapper Labs Investigation Reduced in Scope

The Canadian Press reported that Dapper Labs did not dispute the inquiry itself. Nevertheless, the company did not fully comply with the initial disclosure requests.

Authorities initially requested information on 18,000 high-volume users. However, after negotiations between company executives, lawyers, and officials, the scope was narrowed to 2,500 accounts.

The outlet also noted that the absence of clear CRA rules limited the responsibility the platform could reasonably be expected to bear.

Jessica Davis, a former FINTRAC official, echoed this complexity. She described the $100 million collected through crypto audits as a notable achievement.

However, she remarked that it is surprising that no criminal charges have been filed against defaulters. The issue takes on added weight considering the well-established history of cryptocurrency in Canada.

Federal Government Plans New Crypto Reporting Law

In response to these enforcement challenges, the federal government has pursued legislative reform. In late October, the Department of Finance announced plans to introduce new reporting laws by Spring 2026 aimed at strengthening oversight of digital-asset activity.

During an announcement on October 20, François-Philippe Champagne, Minister of Finance and National Revenue, emphasized that financial crimes are evolving quickly and require an equally rapid policy response.

He highlighted several initiatives, including a National Anti-Fraud Strategy and the establishment of a dedicated Financial Crimes Agency.

FINTRAC Tightens AML Enforcement

While the CRA works to improve tax compliance, Canada’s anti-money-laundering authority is also intensifying its own efforts.

FINTRAC recently fined Peken Global Ltd., which operates the exchange KuCoin, more than $19.5 million for failing to register as a foreign money services business.

In a separate action, FINTRAC imposed a record-setting penalty of nearly $177 million on Xeltox Enterprises Ltd., a company officially listed as operating out of a Vancouver mailbox rental service.

Ultimately, these enforcement actions reinforce the broader federal initiative to address risks arising in the rapidly growing cryptocurrency landscape.

Pundit Explains Why XRP Escrow is Not Included in Ripple’s $40B Valuation

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Pundits have begun speculating why the recent Ripple funding round that pushed its valuation to $40 billion does not include the firm’s XRP escrow holdings.

Ripple’s $40B Valuation

For context, early last month, Ripple announced a $500 million secondary market share sale, valuing the company at $40 billion. This marked the highest valuation for a privately held crypto firm. 

Notably, the round, led by investors including Citadel Securities and Fortress Investment Group, emerged as a share sale at $175 per share, a 135% premium over the past secondary market price of approximately $74 per share. 

Meanwhile, the latest reports from Bloomberg confirmed that the terms of the deal allowed early investors and new participants to secure profits via buyback protections. Specifically, shareholders can sell shares back to Ripple after three to four years at a guaranteed 10% annualized return, unless an IPO occurs before that time.

XRP Escrow 

Interestingly, in a 2024 report, Houlihan Lokey, a leading global investment bank, linked Ripple’s valuation directly to XRP price due to the company’s substantial XRP holdings. Their valuation model was largely impacted by XRP price scenarios, which determined the worth of Ripple’s XRP holdings in each case.

However, XRP community figures have pointed out that Ripple’s latest $40 billion does not account for the company’s large XRP stack, which currently has a value of nearly $80 billion at XRP’s current price of $2.06. Speaking on this, Digital Asset Investor (DAI) questioned why Ripple’s valuation fails to include the firm’s XRP holdings.

Responding to this, Brad Kimes of Digital Perspectives suggested that this may be because Ripple does not solely own the entire XRP balance within the escrow. He pointed out that an escrow puts the assets in the hands of a neutral third party, and Ripple simply manages the process. 

Kimes compared it to how a title company handles a property transfer without owning the property itself. Because of this setup, he said Ripple keeps the escrowed XRP off its books since some of those funds belong to other parties, not the company. However, this remains highly speculative, as Ripple has confirmed it.

The closest a Ripple executive has come to suggesting something similar was when CTO David Schwartz responded to questions about Ripple being able to liquidate the escrow at any time. Specifically, Schwartz confirmed that Ripple could indeed sell the rights to the tokens in the escrow to another entity.

XRP To Reach This Price if it Captures 15% of Global Crypto Market Cap

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We recently evaluated what the XRP price and market cap could rise to if XRP captured about 15% of the global crypto market cap.

As the ongoing market downturn impacts asset prices across the board, the global crypto market cap has collapsed over the past few days. For context, the total crypto market cap hit an all-time high of $4.27 trillion on Oct. 6, about a month ago. 

XRP Valuation Collapses with the Global Market

However, after the Oct. 10 global market crash, it fell below the $4 trillion level and has since failed to regain it. Interestingly, it recovered to a high of $3.9 trillion on Nov. 11 but faced intense resistance in this area. It has since dropped to the current $3.22 trillion. Essentially, since the Oct. 6 peak, the global crypto market cap has lost $1.05 trillion.

WOverthis period, XRP has wexperienced significant pricedeclines iand a decline inmarket cap. Being the third largest non-stablecoin asset, XRP has contributed to the latest drop in global crypto market cap since Oct. 6. Specifically, XRP has lost $40.87 billion in market cap over the past month, now at $137 billion. 

However, despite this decline in market cap, XRP’s market dominance has not observed a comparative drop. Notably, on Oct. 6, XRP had a market dominance of 4.285% with a market cap of $177.87 billion. Today, the market dominance has only dropped to 4.25%, a 0.81% drop despite XRP’s actual market cap collapsing nearly 23%.

This confirms that the broader market collapse has impacted every crypto asset on the top list, spreading across the board. However, XRP’s current market dominance represents a considerable decline from the yearly peak of 5.528% in July, indicating that XRP has gradually lost some of its market share over the past four months.

XRP Price if It Captures 15% of the Crypto Market

Nonetheless, analysts believe XRP would soon recover its market share, with some even suggesting XRP could overtake Ethereum (ETH), which currently has a market dominance of 11.86%. Amid these projections, we recently assessed how much the XRP price and market cap would rise for it to capture 15% of the market.

For perspective, XRP’s peak market dominance is much higher than 15%, having reached a top of 31.3% in early 2017. At this 31.3% dominance, XRP had a market cap of $15.2 billion due to the lower value of the global crypto market cap at the time.

Today, with the crypto market standing at $3.22 trillion, if XRP captured a 15% share, its market cap would grow to about $483 billion, representing a new all-time high in valuation. Meanwhile, considering its current supply of 60 billion tokens, the $483 billion cap would translate to a price of around $8, representing a 252% increase from the current price of $2.27.

Notably, some analysts have predicted a possible XRP rally to the $8 price. For one, market watcher Dark Defender suggested that XRP’s fifth Elliott Wave could take its price to $8. Meanwhile, in September, Cobb argued that there’s no reason XRP will not hit $8 by year-end.