When Can We Expect XRP to Soar? Insights from a Leading Crypto Expert

XRP’s price fluctuations in recent days have closely mirrored that of Bitcoin, with the past 24 hours experiencing a 3.3% price drop after facing resistance, following in line with Bitcoin’s movements.

Notably, a fresh analysis shared by crypto strategist Cryptoinsightuk presents a timeline for when the XRP price might surge again, syncing its impending big move with crucial phases in Bitcoin’s dominance cycle and the potential shift into the altcoin sector.

Bitcoin Dominance Indicates Upcoming Altcoin Season

As per Cryptoinsightuk’s recent commentary, the altcoin market, XRP included, is on the brink of another significant rally. In a YouTube video, the analyst articulated that Bitcoin dominance is again approaching a critical threshold around the 70% level, a mark that has historically signified the onset of major altcoin seasons. This pattern has been consistent through various cycles, and XRP, in particular, has demonstrated the capacity to surpass Bitcoin during such instances.

To bolster his prediction, the analyst pointed to December 2024, a time when XRP climbed from $0.50 to momentarily exceed $3.30, outshining Bitcoin in relative gains. This indicates the potential for large market cap altcoins to outperform Bitcoin, particularly those with significant attention. He anticipates this trend to resonate among most attention-driven altcoins very soon, especially if Bitcoin dominance falters around the 70% mark. 

Once Bitcoin surpasses the $104,000 to $117,000 price zone, capital migration into altcoins is likely to commence. This liquidity shift could create favorable conditions for the XRP price to make its next significant leap and potentially achieve new all-time highs.

Regarding new all-time highs, the analyst remarked that Ethereum, in particular, appears poised to reach a new all-time peak. “At some point, we will see $4,200 ETH this cycle,” he stated.

What This Indicates For XRP’s Timeline

Initially, the analyst expects Bitcoin to navigate through liquidity pools, with the price likely rising significantly. If Bitcoin adheres to the precise timeline between the peak in March and the breakout in September, it will require 239 days. A comparable movement may see Bitcoin execute a substantial breakout sometime in July. 

At this juncture, Bitcoin is projected to reach a $160,000 price target, nearing a $180,000 price pinnacle. Should Bitcoin experience this movement, altcoins will likely rally when Bitcoin breaks through a range around $104,000 up until $117,000. Interestingly, this transition is expected to be ushered in by XRP. Nevertheless, the transition from Bitcoin into the altcoin sector will chiefly involve traders who acquired assets before institutional investments began flowing into Bitcoin. Particularly, those who acquired assets prior to the recent weeks or the start of this cycle overall.

As of now, XRP is trading at $2.50.

Featured image from Getty Images, chart from Tradingview.com

Editorial Process for bitcoinist is focused on providing thoroughly researched, precise, and impartial material. We uphold stringent sourcing standards, and each page undergoes meticulous review by our team of elite technology specialists and seasoned editors. This procedure guarantees the integrity, relevance, and value of our content for our audience.