Key Insights:
- XRP maintains 4% dominance, mirroring the level that triggered a threefold surge in its past rally.
- Evernorth, backed by Ripple and SBI, plans a $1B Nasdaq listing to strengthen XRP’s institutional base.
- Ripple CTO David Schwartz confirms limited advisory role, supporting XRP’s expanding treasury initiative.
XRP dominance in the cryptocurrency market has stayed at 4%, the same level that preceded a major price rally in the past. Analysts note that during the last similar phase, XRP’s market cap expanded threefold. Some traders believe that if this pattern repeats, XRP could gain more than 10% of the total market cap,
XRP Price Movement and Maintaining Key Market Position
XRP’s market dominance remains steady at 4%, a level that previously marked the beginning of a strong market recovery. Analysts note that this threshold had earlier coincided with a threefold rise in XRP’s market capitalization. Market observers believe that if similar conditions repeat, XRP could gain a larger share of the total crypto market, possibly exceeding to 10%.
Potential Surge | Source: XBased on CryptoPulse this period may represent the calm before the next global wave of adoption, adding that the market is quiet but momentum is building. Despite a slight decline in price, the tone among long-term holders remains focused on the potential for renewed strength.
XRP is currently trading at $2.41, down 2.23% in the last 24 hours, with trading volume near $4.6 billion. Market data provider Santiment reported that the token crossed $2.50 earlier, following what some described as retail capitulation below $1.90. CW8900 commented that this movement shows “a classic contrarian buy opportunity playing out.”
Corporate Developments and Leadership Changes
In related developments, Evernorth, an XRP-focused treasury company backed by SBI and Ripple, has raised over 150 billion yen and is preparing for a Nasdaq listing. The company plans to manage XRP holdings and invest strategically across the crypto market.
Former Ripple executive Asheesh Birla will serve as Evernorth’s CEO. He confirmed that the company will build a large treasury fund and pursue digital-asset acquisitions. The goal is to establish XRP as the central asset in a broad crypto investment strategy.
With this new structure, Evernorth aims to attract institutional interest and create stability for long-term XRP holders. Market participants will be observing whether this initiative strengthens XRP’s position as global adoption efforts expand.In addition, Ripple CTO David Schwartz addressed speculation about his involvement in the project. He stated that while he will provide advisory support, he is not taking on a permanent operational role. “I will advise the venture, but my schedule will remain limited,” he clarified.
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Source: https://coincu.com/markets/xrp-dominance-holds-4-percent-surge-to-10/
