• XRP’s market dominance has risen to 5.33%, up 4.20% from recent lows, but remains capped below the 6.5% resistance zone.
• The token trades at $3.44 after a 16.9% weekly drop, with key resistance at $3.57 and volatility increasing amid tightening range.
• Despite a breakout from a descending wedge, XRP’s dominance struggles to breach the crucial 10% benchmark for broader market significance.

XRP’s market dominance remains under scrutiny as recent trading patterns indicate resistance levels near the 6.5% mark. Current dominance stands at 5.33%, reflecting an increase of 4.20% from recent lows. 

Despite this move, dominance has yet to break above significant thresholds, with levels below 10% suggesting limited market share compared to other leading digital assets. Meanwhile, XRP’s price currently trades at $3.44, reflecting a 16.9% decline over the past seven days, with a daily range capped between $3.44 and $3.57. This price action highlights the ongoing struggle to maintain bullish momentum following recent downward pressure.

XRP Market Dominance Breaks Out of Wedge, Eyes 6.53% Target

According to analyst Egragcrypto,the weekly chart shows that XRP’s market dominance has moved from a long consolidation phase into a breakout attempt. Notably, a breakout from a descending wedge pattern has propelled dominance to its current level of 5.33%. 

Resistance remains visible near 5.60%, while the upper target at 6.53% marks the next significant zone. However, market data suggests that reaching these levels will require sustained upward momentum. The chart also indicates that XRP previously faced repeated rejections near 5% during earlier trading cycles, reinforcing this region as a key pivot area.

Current Price Performance and Resistance Level

XRP’s price trajectory has mirrored market dominance, as it continues to test both support and resistance levels. The present support stands at 3.44, which presents the lower range of its range over the last 24 hours. Resistance on the positive side continues to hold at $3.57, and price sensitivity increases when volume trade switches.

The 7-day decline of 16.9% underscores the market’s cautious sentiment, particularly after recent price corrections. This aligns with the chart’s historical observation where dominance spikes coincided with short-lived price recoveries.

Key Levels to Monitor

The 6.5% dominance level is a crucial short-term target, as indicated by the current technical structure. Crossing this level could push XRP toward broader market influence, but dominance remains below the 10% benchmark, which is often regarded as a sign of significant market presence.

These resistance levels are being followed closely by traders, more so as XRP consolidates around 3.44. Moreover, market dominance and price resistance will probably shape the direction of the coming trends within the upcoming sessions.