XRP’s price has been mirroring Bitcoin’s lately. A recent dip follows Bitcoin’s own recent drop. But one crypto analyst, Cryptoinsightuk, thinks XRP is about to explode.
Altcoin Season on the Horizon?
Cryptoinsightuk believes we’re on the verge of another huge altcoin rally, including XRP. Their analysis hinges on Bitcoin dominance. When Bitcoin dominance nears 70%, history shows major altcoin seasons usually follow. This has happened multiple times, with XRP often outperforming Bitcoin during these periods.
As an example, they point to December 2024, when XRP jumped from $0.50 to over $3.30, significantly outpacing Bitcoin’s gains. They expect this to happen again, especially for popular altcoins, if Bitcoin dominance stalls around 70%.
Bitcoin’s Role in the XRP Rally
The analyst predicts a significant Bitcoin price surge, potentially reaching $160,000 to $180,000. This surge, they believe, will be triggered once Bitcoin breaks through the $104,000 – $117,000 range. This breakout is expected to kickstart a massive altcoin rally, with XRP leading the charge.
This rally will likely be driven by traders who bought Bitcoin early in the cycle, before institutional investors piled in.
XRP’s Timeline
Based on past Bitcoin price movements, the analyst estimates a Bitcoin breakout could happen around July. This timeline suggests XRP could see significant gains shortly after Bitcoin breaks through the $104,000-$117,000 resistance. The analyst also noted that Ethereum is poised for a new all-time high, potentially reaching $4,200.
Currently, XRP is trading around $2.50. The analyst’s prediction suggests a potential for substantial growth if their Bitcoin forecast comes to fruition.