XRP’s market dominance has remained stable at 4%, a level that analysts note historically preceded a major price surge. Ripple’s CTO, David Schwartz, confirmed his limited advisory role in new institutional initiatives earlier this week.
This threshold previously coincided with a threefold increase in XRP’s market capitalization, suggesting potential for renewed market share growth. Currently, XRP trades at $2.42, down 1.18% in the last 24 hours, with a market cap of $145.25B and 24-hour volume at $4.66B (+24%). Analysts highlight that this steadiness could represent a “calm before the next wave” of adoption, with momentum quietly building among long-term holders.
In corporate developments, Evernorth, backed by Ripple and SBI, is preparing a $1B Nasdaq listing to strengthen XRP’s institutional base. The initiative, led by former Ripple executive Asheesh Birla, aims to manage strategic crypto holdings, enhancing stability for XRP and supporting global adoption efforts. Market observers will be watching closely to see if these developments translate into increased dominance and price action toward the $10 mark.
Source: https://coinmarketcap.com/currencies/xrp/
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