XRP’s price has been on a wild ride lately, climbing alongside other major cryptocurrencies after a huge jump from $0.50 to over $3. Many believe it’s poised for even bigger gains. One analyst even predicts XRP could overtake Bitcoin in market cap!
XRP’s Potential to Flip Bitcoin
TradingView analyst Axel Rodd believes XRP could surpass Bitcoin. He points to a massive drop in Bitcoin’s dominance (the percentage of the total crypto market it controls) – a shift he calls “violent.” This kind of drop often signals an “altcoin season,” where investors move money from Bitcoin into other cryptocurrencies like XRP, Ethereum, and others. Rodd sees this mirroring a similar situation in late 2017 when XRP briefly became the most valuable cryptocurrency.
Rodd predicts this shift could happen around September, potentially leading to new all-time highs for XRP. He’s confident because XRP has already come close to a new all-time high this year.
Macroeconomic Factors at Play
Rodd’s analysis also considers broader economic factors. He suggests that a potential second Trump presidency and Europe’s new zero-tariff policy could destabilize traditional markets, making alternative assets like XRP more attractive. He also highlights Tether (USDT), a stablecoin, as a major force, suggesting it could even surpass Ethereum in market cap.
Rodd paints a picture where XRP not only surpasses Bitcoin but also Tether. This would mean a massive increase in XRP’s market cap, potentially leading to a significant price surge. While XRP is currently experiencing a slight dip, it’s still trading above $1.80.
The Bottom Line
While it’s a bold prediction, Rodd’s analysis highlights the potential for XRP to make significant gains. The analyst’s focus on both technical indicators and macroeconomic factors makes his prediction intriguing, even if it seems unlikely to many. Only time will tell if XRP can truly flip Bitcoin.
