XRP’s Market Dominance and Growth

Despite altcoins seeing significant losses, XRP’s dominance has been at its highest level since 2020.
XRP has gained by 2.61% over the past day.

Over the past year, Ripple’s XRP has experienced impressive growth, rising from a low of $0.4 to a high of $3.2. This expansion has positively impacted its position in the wider crypto market.

At press time, XRP’s dominance outperformed most altcoins and Bitcoin (BTC). In fact, XRP’s dominance is currently at its highest level since 2020.

In terms of BTC’s strength, Bitcoin dominance in a 3-day timeframe is the highest it has been this cycle, with market share at the highest point since April 2021. This shows that altcoins have the least dominance since 2021, with XRP outperforming most.

XRP’s Market Insights

XRP’s market cap dominance has increased from 1.7% to 5.17% over the past year, indicating substantial capital inflow and growing user adoption compared to other crypto assets. In contrast, Ethereum’s (ETH) dominance has dropped from 17% to 8% during the same period.

Additionally, XRP’s risk-adjusted returns improved significantly over the past year, rising from -0.315 to a high of 2.39 and stabilizing at 1.61. This spike implies that XRP is yielding attractive returns relative to the risk, making it an appealing choice for investors.

Future Outlook for XRP

With its growing strength in the market, Ripple’s XRP is well-positioned for future growth. If this upward trajectory continues, it could challenge competitors and see price gains, potentially reclaiming the $3 mark.