XRP's market dominance is nearing a significant resistance zone, identified as the 'KABOOM' area by analyst Egrag Crypto. The XRP burn rate surged by 60.87% in the past 24 hours, reaching 1,073 XRP, indicating heightened on-ledger activity. This increase in activity coincides with an 8% rise in XRP's price to $2.45, boosting its market capitalization to $147 billion and securing its position as the fourth-largest cryptocurrency. Egrag Crypto's analysis suggests that XRP has been forming a symmetrical pennant since 2018, with a potential breakout above the Value Area High (VAH) possibly leading to increased market dominance. Data from XRPSCAN supports the rise in burns, reflecting more transactions and decentralized exchange (DEX) activity on the XRP Ledger. The token's price remains above the $2.20 support level, with resistance noted at $2.35.