Peter Smith
⬤ XRP dominance—which measures XRP's share of the total crypto market—is trying to reverse a months-long slide. The chart shows a break above both a descending trendline and the 50-day simple moving average, similar to a pattern from earlier this year that sparked a sharp rally.
⬤ XRP dominance has been falling since July, but recent price action suggests buyers are stepping back in. The current breakout looks a lot like the previous "trendline and MA breakout" setup. Still, bulls have some work to do—this could be a fakeout if the move doesn't hold above key levels.
⬤ The TradingView chart points to past instances where a confirmed breakout above the 50 SMA led to strong upward momentum. Right now, the setup looks similar, with annotations hinting at a possible rally if dominance stays above resistance. If it does, XRP might be entering a new bullish phase relative to the broader market.
⬤ For traders and investors, this could be a turning point. Strengthening dominance would signal XRP is outperforming other major cryptos—but caution remains. Confirmation above the breakout zone is critical before anyone can confidently call this a new uptrend.
Peter Smith
