XRP Dominance Breaks Above Descending Wedge as Price Reclaims $1.60

XRP's market dominance has broken above a descending wedge formation on the monthly chart, coinciding with the token's recovery of the $1.60 level.

Dominance — the share of total cryptocurrency market capitalization attributed to a single asset — acts as a relative yardstick, showing whether a token is gaining or losing ground against the wider market rather than simply moving with it. The recovery in XRP's dominance reflects the token's rebound alongside the broader cryptocurrency market. XRP dropped to $1.25 on Sept. 16 before climbing back to $1.63 a week later. Over the same period, XRP dominance rose from 3.106% to 3.448%.

The rebound has renewed attention on XRP's share of the total crypto market, and market analyst CryptoInsightUK has highlighted several developments on the XRP dominance chart that he considers noteworthy.

Recovery Follows a Major Decline

According to CryptoInsightUK's analysis, XRP dominance may have completed a Wyckoff accumulation pattern whose spring phase concluded in 2024. The Wyckoff method, a chart-reading framework developed by early twentieth-century trader Richard D. Wyckoff, maps accumulation ranges in which a "spring" marks a brief break below support that flushes out late sellers before a sustained recovery. That spring followed a steep drop in dominance, which fell from 3.218% in July 2023 to 1.046% by June 2024.

Dominance subsequently recovered and moved above the prior accumulation range, entering what Wyckoff analysis defines as the sign of strength (SoS) phase, the point at which demand is read as having overcome the supply within the range. That advance carried XRP dominance to 5.582% in January 2025. The metric has traded largely sideways since then, and CryptoInsightUK believes it has not yet fully exited the SoS phase.

This consolidation period also produced the descending wedge visible on the monthly chart. XRP dominance has now broken above that pattern, having climbed to 3.448% at the time of the analysis.\n### Breakout Ends a 12-Month Wedge

In classical chart analysis, a descending wedge is a contracting pattern in which declines lose momentum as the range narrows, and it is conventionally read as a potential reversal setup. The descending wedge began forming after XRP dominance pulled back from its peak of 5.528% in July 2025, a level that coincided with XRP's all-time high price of $3.60 at the time.

Dominance continued to decline from that peak and spent roughly 12 months within the wedge. Throughout this stretch, XRP underperformed the broader cryptocurrency market as the bear market that started in late 2025 extended into 2026.

The trend shifted in August 2026, when XRP dominance broke above the descending wedge, and it has held above the pattern since. CryptoInsightUK noted that the breakout was accompanied by increased volume, which confirms the bullish structure.

6% Emerges as First Major Resistance

The chart also points to the possibility of a bullish monthly cross, though XRP dominance still faces significant overhead resistance. CryptoInsightUK identifies 6% as the first major resistance level. A rise from the current 3.448% to 6% would amount to an increase of roughly 100%. Beyond that threshold, the chart shows a wide gap before the next major resistance zone near 12%.

Rising dominance would indicate that XRP is capturing a larger share of the total cryptocurrency market, a shift with direct implications for its price. If the total crypto market cap held at its current level of $2.9 trillion, 6% dominance would equate to a market capitalization of $174 billion, or $2.76 per XRP. At 12% dominance, the figures would be $348 billion, or $5.53 per XRP. These figures are illustrative in holding the total market cap fixed, and the total itself moves over time, which changes the price implied by any given dominance level.

What Comes Next

In further remarks, CryptoInsightUK applied Elliott Wave theory to outline what could unfold if the Wyckoff setup develops as expected. In his view, if the advance that followed the completed Wyckoff accumulation represents the first wave of a five-wave structure, the next impulsive wave could prove particularly powerful. On that basis, XRP's next major move could exceed the strength of the initial rally that followed the spring phase in November 2024.

The analyst does not, however, claim that this move has definitively begun. He describes it instead as a scenario worth monitoring, with the reference points already on the chart: whether dominance holds above the broken wedge, whether the potential bullish monthly cross materializes, and how the metric behaves as it approaches the 6% level. Should the Wyckoff accumulation be complete and the Elliott Wave structure play out as projected, XRP could enter a significantly stronger phase relative to the broader cryptocurrency market.