XRP price could push toward its all-time high if it maintains its dominance at a global crypto market cap of $12 trillion.

The global crypto market capitalization has grown since the launch of the premier crypto asset Bitcoin. This impressive growth is due to two factors: the launch of new assets bringing additional capital to the market, and the increase in the prices of existing ones as a result of new capital flowing into them.

The Global Crypto Market Cap

Market data confirms that the global crypto market cap collapsed to a low of $2.12 billion in February 2015. However, as at January 2018, the market had grown to $761 billion. Following years of upswings and declines, the global crypto market cap now stands at $2.098 trillion.

Meanwhile, XRP’s market cap, which continued to grow alongside the rest of the crypto market from 2014 to 2018, suddenly dipped due to price challenges. XRP’s market cap rose to $128.48 billion in January 2018, bringing XRP’s market dominance near 18%. 

Nonetheless, as the crypto market grows, while XRP underperforms, XRP’s market dominance now sits at 1.57% amid a market cap of $33 billion. However, it appears XRP has continued to pick up the pace now that it is rid of its regulatory challenges. 

XRP Price if Crypto Market Cap Hits $12T

If XRP maintains this market dominance, its price could reach unprecedented levels when the global crypto market grows bigger. But, in such a scenario, how far XRP price could go would depend on the growth extent of the broader market. Industry commentators have set varying targets.

For instance, the Ripple CEO Brad Garlinghouse projected that the global crypto market could hit $5 trillion by the end of the year. Interestingly, Cardano Bull Dan Gambardello recently asserted that the market could grow to the $12 trillion mark by 2026.

$12 trillion total crypto market cap is in play. pic.twitter.com/oPmty9qDMd

— Dan Gambardello (@cryptorecruitr) September 17, 2024

If XRP maintains its market dominance when the crypto market reaches $12 trillion, XRP’s market cap would stand at $188.4 billion. This represents a 488.75% increase from the current valuation of $32 billion. 

Notably, XRP boasts a circulating supply of 56.38 billion tokens. Given its inflation rate of 200 million tokens each month, this circulating supply would rise to 59.38 billion by 2026. With a $188.4 billion market cap and a circulating supply of 59.38 billion, XRP price would rise to a mere $3.17, a few cents below its all-time high of $3.31.

While some proponents might argue that this price looks underwhelming for XRP by 2026, predictions from crypto exchange platform Changelly are less bullish. Interestingly, Changelly analysts expect XRP to cross the $3 mark in 2028, two years after 2026.

With XRP price currently trading for $0.5861, it would need to rally by 428% to reach the $3.1 target. Multiple analysts believe it could achieve this feat within a shorter timeframe. For instance, crypto YouTuber Levi Rietveld recently predicted XRP price to reach $40 in months. 

• Dogecoin transaction activity is surging, reaching a 3-month high, signaling renewed interest despite recent price drops.
• Analysts predict a potential 461% price surge for DOGE if buying pressure breaks its current pattern.

According to recent data from IntoTheBlock, an AI-powered financial services platform, Dogecoin (DOGE) is experiencing a surge in network activity, with 1.93 million transactions processed last week, the highest since early July.

This contrasts with the previous market condition when DOGE struggled below $0.100, as discussed in a CNF post earlier this month. The increase signals renewed interest in the meme coin, despite its price dropping by nearly 20% over the past 90 days.

While transaction levels are rising, they remain lower than the peak earlier this year, suggesting that a rally toward DOGE’s yearly high of $0.22 may not happen soon.

User activity is also increasing, with 53,900 active addresses last week, the highest since mid-August. This growing engagement could drive more transactions, potentially boosting DOGE’s price. Notably, some analysts predict Dogecoin could lead the market into another altcoin season, drawing parallels to similar trends in 2021.

Price Predictions: A Promising Future

Currently trading at $0.1024, Dogecoin is following a descending triangle pattern that has historically led to significant price increases. With a 1.24% increase in the past day and 1.03% over the past week, it’s predicted that if buying pressure grows, DOGE could break out of this pattern, potentially seeing a 461% increase, pushing its price to $0.56.

While some analysts suggest a major rally could take time, others expect the coin to remain stable for several months.

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It appears that XRP whales are frustrated due to the current bearish market sentiment. Today on September 19, 2024, the blockchain transaction tracker Whale Alert made a post on X (Previously Twitter) that an XRP whale has dumped a significant 18.03 million tokens, worth $10.39 million to the Bitstamp cryptocurrency exchange. However, the wallet address remains unknown.

XRP Whale Offloads Millions of Tokens

This significant XRP dump during the bearish phase has the potential to create selling pressure. At press time, XRP is trading near $0.578 and has experienced a price decline of over 1.8% in the last 24 hours. During the same period, its trading volume increased by 15%, indicating higher participation from traders and investors amid the market downturn.

XRP Technical Analysis and Upcoming Levels

For the past six days, the XRP price has remained in consolidation between $0.56 and $0.59. According to expert technical analysis, despite the massive dump and ongoing consolidation, XRP is still in an uptrend as it is trading above the 200 Exponential Moving Average (EMA). The 200 EMA is a technical indicator that traders and investors use to determine whether an asset is in an uptrend or downtrend.

Based on the price momentum, it appears that XRP may experience an upside rally once it breaks out of the consolidation zone. If XRP closes a daily candle above the $0.60 level, there is a strong possibility it could soar by 20% to the $0.75 level in the coming days.

However, during this potential upside rally, XRP may encounter resistance near the $0.65 level, where it faces notable selling pressure. This bullish outlook will only remain valid if XRP closes a daily candle above the $0.60 level, otherwise, it may fail. 

Bearish On-chain Metrics

Currently, XRP’s on-chain metrics are signaling a bearish trend. Coinglass’s XRP long/short ratio currently stands at 0.96 level, indicating bearish market sentiment among traders. Additionally, its future open interest has declined by 5.5% in the last 24 hours.

According to data, 50.85% of top traders hold short positions, while 49.16% hold long positions, suggesting that bears are dominating the asset.

Dogecoin (DOGE) has seen an interesting evolution in the field of cryptocurrency: from being a mere meme, it has become a popular currency in the digital sense. With help from fans and Elon Musk, the virtual currency managed to hit almost $0.74 in May 2021. Those who anticipated that DOGE would reach the $1 mark will have to wait for some more time. As of today, Dogecoin is trading at $0.1049 and is facing hard times as it struggles to cross over to $0.22.

An analyst believes the target of $1 may take even longer to achieve. More encouraging changes are in the pipeline with the birth of Rexas Finance (RXS), which is gaining momentum and is poised to bring in good returns within a short period. In the next six months, this analyst believes that the total revenues brought by Rexas Finance will return 45x the money invested. Why sit back till Rexas Finance grows, when you can be the first investor in something that has far more growth potential?

Let us analyze why Rexas Finance seems to be a once-in-a-lifetime opportunity and why it is generating excitement amongst new and experienced investors alike.

Why DOGE at $1 Is Still Far Off

Dogecoin is not dead, however, it has some challenges that it has to surmount at the moment. It is now available at $0.1049, way less than its all-time high. One of the key issues with DOGE is that the currency has problems moving higher than its $0.22 resistance level. While the market remains volatile, and meme coins tend to thrive on sudden news or hype cycles, sustained momentum is harder to maintain without strong fundamentals backing it.

The analyst behind this prediction emphasized that while DOGE has potential, it doesn’t have a clear path to reach $1 in the short term. Sure, it could pump if a major event happens, but waiting for that magic moment could take months if not years.

That’s where Rexas Finance comes in as a game-changer for those looking for more immediate gains.

Click Here To Buy Rexas Finance (RXS) Presale

Rexas Finance (RXS): The Real 45x Opportunity

Rexas Finance is a new paradigm in the world of finance that is connecting the metaverse to the real-world asset industry. Rexas Finance, however, has figured out how to take these illiquid and hard-to-reach, especially for an average investor, real estate markets, or art markets, and turn them into easy-to-invest assets through tokenization. Would it not be wonderful if you could buy any piece of real estate anywhere around the world without even physically having to go to that country? And I do not mean just paying for the property in full, but also being able to pay for a small fraction of it depending on how much you want to invest. This is exactly what we call the Rexas Finance platform. The use of this platform eliminates the need for intermediary institutions and enables users to utilize Blockchain technology to trade, buy, or sell shares and properties in real-world assets.

Currently, Rexas Finance is on its presale stage 2 for $0.040 which started quite recently. An investment in presale stage 1 at a price of $0.030 has already resulted in a positive return of 45%. But the best part?

The analyst predicts that once the presale ends and Rexas Finance launches at $0.20, the price could skyrocket to $9 within six months. That’s a 45x return on investment—way more than anyone is expecting from DOGE in the same time frame.

Why Rexas Finance Could Hit $9

Several factors make the $9 prediction seem more like an achievable target than a far-off dream:

• Market Demand:As more people realize the potential of tokenized real-world assets, demand for the Rexas Finance platform will surge.
• Limited quantity:The overall amount of Rexas Finance tokens available is limited, and as demand grows, basic economics will push the price higher.
• Blockchain adoption:Rexas Finance is leading the disruption in real estate and asset markets, which are ready for change.

With Rexas Finance’s presale still at $0.040, now is the perfect opportunity to invest early. It may take a while for DOGE to reach $1, but Rexas Finance has a chance for you to increase your investment by 45x in just six months.

The Bottom Line

While Dogecoin continues to face resistance at $0.22, reaching $1 seems far off according to the latest analysis. On the other hand, Rexas Finance is showing huge potential, with a 45x ROI projected within the next six months.

Currently, in presale stage 2, priced at just $0.040, the platform is a groundbreaking opportunity for investors looking to get into real-world asset tokenization. So, if you’re ready to ride the next big wave in crypto, Rexas Finance might just be your ticket to significant gains.

For more information about Rexas Finance (RXS) visit the links below:

Website: https://rexas.com

Whitepaper: https://rexas.com/rexas-whitepaper.pdf

Twitter/X: https://x.com/rexasfinance

Telegram: https://t.me/rexasfinance

Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

Most of the coins have faced a correction, according to CoinStats.

XRP/USD

The price of XRP has gone down by 3.6%.

On the hourly chart, the price of XRP is trading below the local support of $0.5696. As long as the price is below the aforementioned level, the drop may continue to the $0.56 level by tomorrow.

On the higher time frame, there are no reversal signals yet. If the daily candle closes near its low, there is a chance of seeing an ongoing drop to the $0.55-$0.56 zone by the end of the week.

From the mid-term point of view, the picture remains unchanged. Neither buyers nor sellers have seized the initiative yet. The declining volume confirms such a statement. 

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In this regard, ongoing sideways trading in the area of $0.52-$0.60 is the most likely scenario.

XRP is trading at $0.5687 at press time.

The crypto market continues hovering close to its valuation of $2.05 Trillion mark, indicating stability in the crypto space. Moreover, the market leader, Bitcoin price had reclaimed the $60K mark during the early Asian trading hours. This highlights increased price action.

However, top altcoins such as Solana, Ripple, Cardano, and Dogecoin have recorded a significant correction in their respective valuations during this time. This brings uncertainty in the price action of these altcoins for the upcoming days.

Dive in as, in this article, we have covered the market sentiments, price analysis, and possible short-lived price action of Solana (SOL) and Cardano (ADA) crypto tokens.

SOL Price Breaks Its Support Of $130!

The Solana price has continued trading under a bearish sentiment by dropping 2.46% within the past day. Further, it has lost 1.27% over the past week and 8.37% during the past month. With a circulating supply of 468,369,299 SOL tokens, it has a market cap of $60.85 billion.

The technical indicators EMA 50/200-day and MACD have both recorded a constant decline in their respective chart. Moreover, they display a high possibility of a bearish convergence. This indicates a negative outlook for the altcoin in the market.

If a bullish trend reversal occurs, the Solana price will retest its resistance level of $155 in the coming time. On the flip side, an intensified bearish action could pull the price toward its crucial low of $127.

Curious about SOL’s future? Read our Solana Price Prediction for insights from the future!

ADA Coin Price Retests Its Important Trendline:

The Cardano price has continued displaying a neutral price action by recording a variation of less than 1% over the past 30 days. Moreover, with a price tag of $0.3317, it is on the verge of testing its crucial support zone, the outcome of which is uncertain.

The Relative Strength Index (RSI) has recorded a bearish curve in the 1D price chart. Further, the SMA indicator constantly acts as a resistance to the ADA crypto. This suggests that the price may continue losing value this week.

Suppose, the bulls regain momentum, in that case, the Cardano price will break out of its resistance trendline and head toward its upper high of $0.4075. However, if the bears continue to dominate the market, the altcoin could record a new yearly low.

Concerned about your ADA holdings? Read our Cardano Price Prediction for price targets!

The Bitcoin price rose 3% in the last 24 hours to trade at $60,344 as of 00:36 a.m. EST on trading volume that surged 38% to $39 billion.

Bitcoin and the crypto market saw a brief rally on Tuesday amid market speculation that the Federal Open Market Committee (FOMC) may opt for a 50-basis-point rate cut during its meeting on Wednesday.

Bitcoin Price Aims For A Bullish Trend Continuation

The Bitcoin price recently invalidated the rounding top pattern as the bulls took charge of the price around the $57,681 support, pushing the price back above the $60,000 level, data from GeckoTerminal shows. 

BTC price has formed a rounding bottom pattern, which the bulls aim to capitalize on to push the price toward a sustained bullish stance.

The price of Bitcoin now trades well above both the 50-day and 200-day Simple Moving Averages (SMAs), an affirmation that the token is on a sustained bullish rally.

The Relative Strength Index (RSI) also coincides with the rally, as it soars towards the overbought region, currently at 59, an indication that buyers have the upper hand.

Moreover, the Moving Average Convergence Divergence (MACD) supports the positive trajectory as the lines cross over the neutral line. The blue MACD line at 414.28 is also above the signal line at 263.59, representing a bullish crossover.

Bitcoin Price Prediction

According to the BTC/USD chart analysis on the 4-hour timeframe, the bulls are currently capitalizing on the rounding bottom pattern to push the price up towards a sustained bullish stance.

The main indicators, the MACD and RSI, also support the positive trend. If the momentum continues, the price of Bitcoin could keep soaring, as the bulls currently target the $64,000 resistance zone.

Conversely, if the bears take charge of the price at this level, the Bitcoin price could plunge, with $57,500 acting as the formidable support zone.

Meanwhile, investors are also rushing to buy the new Solana GameFi project Mega Dice (DICE), which has only 11 days left in its presale.

Mega Dice Raises Over $1.8 Million In Blockbuster Presale

Mega Dice is an online casino project that recently launched a new token, DICE. Its user-friendly interface houses over 4,000 games and caters to a broad audience of gamers and crypto investors.

The gaming platform has over 11,000 monthly users who place more than $50 million in bets every month. It is registered under a Curacao Master Gaming License, which ensures that players can bet in a secure and regulated environment.

Its already utility-packed native token, $DICE, has recently gained an added feature: staking. Therefore, in addition to unlocking lucrative rewards, cashback, and exclusive promotions, $DICE holders can now earn passive income based on the casino’s profits.

According to 99Bitcoins, a prominent crypto channel on YouTube, $DICE has the potential to surge 100X after its launch.

To join the presale, you can buy $DICE on the official website here for $0.116056 per token using BNB, ETH, or SOL. You can also earn 10% on any purchases made by investors you refer.

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