The post XRP Dominance Nears Breakout As Burns Jump 60% appeared on BitcoinEthereumNews.com. XRP dominance chart shows a multi-year pennant that is nearing the “KABOOM” resistance zone Egrag Crypto tracks. XRP burn rate rose 60.87% in 24 hours to 1,073 XRP, matching a pickup in on-ledger activity. XRP price gained 8% to $2.45, putting market cap at $147 billion and keeping the token in fourth place. A fresh dominance chart from market analyst Egrag Crypto shows XRP is pressing against the upper band of a consolidation structure that has been in place since 2018. His layout uses the Value Area Low (VAL), Point of Control (POC) and Value Area High (VAH) to describe where XRP has spent most of its trading history, and current readings are back at the resistance side of that range. Related: Is XRP Ready to Bounce? A New Buy Signal and Falling BTC Dominance Suggest Yes A clean push above the VAH, marked as the “KABOOM” zone on his chart, would open a dominance lane toward the 11% to 22% area he has tracked for months. Multi-Year Pennant Signals Room For Expansion According to Egrag, XRP dominance has bounced several times off the VAL zone and is now finishing a symmetrical pennant. This kind of structure often precedes continuation when the asset has held the lower boundary multiple times.  Source: X The chart also shows a “VOID” segment above resistance, identified as a thin-liquidity zone that could get filled quickly if buyers force a breakout. If that happens, XRP’s market share would stop drifting sideways and start expanding against other large caps. On-Chain Burns Confirm Higher Ledger Usage XRPSCAN data shows the network burned 1,073 XRP in transaction fees over the last 24 hours, up from 667 XRP previously, a 60.87% jump. Higher burns on XRP Ledger usually mean more payments, token transfers or DEX actions are clearing on-chain. … The post XRP Dominance Nears Breakout As Burns Jump 60% appeared on BitcoinEthereumNews.com. XRP dominance chart shows a multi-year pennant that is nearing the “KABOOM” resistance zone Egrag Crypto tracks. XRP burn rate rose 60.87% in 24 hours to 1,073 XRP, matching a pickup in on-ledger activity. XRP price gained 8% to $2.45, putting market cap at $147 billion and keeping the token in fourth place. A fresh dominance chart from market analyst Egrag Crypto shows XRP is pressing against the upper band of a consolidation structure that has been in place since 2018. His layout uses the Value Area Low (VAL), Point of Control (POC) and Value Area High (VAH) to describe where XRP has spent most of its trading history, and current readings are back at the resistance side of that range. Related: Is XRP Ready to Bounce? A New Buy Signal and Falling BTC Dominance Suggest Yes A clean push above the VAH, marked as the “KABOOM” zone on his chart, would open a dominance lane toward the 11% to 22% area he has tracked for months. Multi-Year Pennant Signals Room For Expansion According to Egrag, XRP dominance has bounced several times off the VAL zone and is now finishing a symmetrical pennant. This kind of structure often precedes continuation when the asset has held the lower boundary multiple times.  Source: X The chart also shows a “VOID” segment above resistance, identified as a thin-liquidity zone that could get filled quickly if buyers force a breakout. If that happens, XRP’s market share would stop drifting sideways and start expanding against other large caps. On-Chain Burns Confirm Higher Ledger Usage XRPSCAN data shows the network burned 1,073 XRP in transaction fees over the last 24 hours, up from 667 XRP previously, a 60.87% jump. Higher burns on XRP Ledger usually mean more payments, token transfers or DEX actions are clearing on-chain. …