XRP Dominance Nears Key Resistance at 2.57% Amid Price Testing $2.93 and Fibonacci Targets

Key Points

1. XRP's market dominance is testing the 'Sky Dome' resistance, a pattern observed in 2017, 2020, and 2024, indicating strong support.

2. Fibonacci extensions suggest potential dominance milestones at 3.66%, 6.08%, 9.65%, and 17.39% if a breakout occurs.

3. XRP's price recently rallied to $2.9582 but faces resistance at $2.93, with key support levels at $2.40 and $1.86.

4. The MVRV Z Score of 32.8370 indicates potential overbought conditions, with critical support zones between $2.60 and $2.75.

5. A confirmed breakout in dominance or price could attract institutional interest, while failure may lead to a retest of lower support levels.