XRP Primed for Historic Rally as Bitcoin Dominance Shows Weakness
Cryptocurrency analyst "Bird" is predicting an unprecedented rally for XRP, asserting that the digital asset is on the cusp of its most significant price surge yet. This bold forecast is primarily anchored on the observed breakdown in Bitcoin's dominance (BTC.D), a historical indicator that has previously signaled parabolic movements for XRP.
Bitcoin Dominance: A Historical Precursor to XRP Surges
Bird highlighted on X (formerly Twitter) that past XRP price explosions in 2018, 2021, and a brief attempt in 2024 were all preceded by sharp declines in Bitcoin's dominance. In these instances, Bitcoin's market share experienced notable drops, creating opportune moments for altcoins like XRP to gain significant traction. The 2018 rally, for example, saw XRP achieve its previous all-time high following such a shift in market dynamics. Similarly, the 2021 surge occurred after Bitcoin's dominance recovered and then rolled over, paving the way for XRP to go parabolic once more. The analyst notes that the 2024 attempt, though not fully committed as Bitcoin's dominance quickly recovered, still managed to send XRP flying towards new all-time highs. This pattern underscores XRP's sensitivity to even temporary weaknesses in Bitcoin's market share.
The Current Landscape: A Bigger Setup Unfolding
Looking at the current market cycle between 2023 and 2025, Bird observes a similar yet more pronounced setup. Bitcoin's dominance has once again trended upwards, broken down through a key trendline, retested from underneath, and is now showing signs of chopping and rolling over. According to the analyst, this current breakdown is not merely a "fake-out or shallow drop" but rather a fundamental shift where Bitcoin's dominance is poised to lose its upward trend "for good." This projected definitive loss of trend for BTC.D, potentially falling into the 40-44% region, is anticipated to trigger a substantial phase of "price discovery" for XRP. If this scenario unfolds, the analyst posits that the coming move could propel XRP into "double digits and beyond," eclipsing its past performances and marking its strongest rally to date. Currently, XRP is trading around $2.14, showing a slight dip in the last 24 hours according to CoinMarketCap data.
