Market analysts are buzzing with bold predictions, suggesting XRP could explode with gains between 10x to 500x in the next altcoin season. Kevin Cage, a prominent crypto analyst and advisor to Iron Key Capital, backs this forecast with historical data that draws a connection between Bitcoin’s dominance and XRP’s performance.
XRP’s History Of Explosive Gains
Bitcoin’s dominance—the percentage of the total crypto market cap held by Bitcoin—plays a pivotal role in the altcoin market. Historically, XRP has surged during periods when Bitcoin’s share declines, giving smaller tokens room to shine.
During the 2017 bull run, XRP skyrocketed from $0.006 to $3.50, delivering an extraordinary 500x return as Bitcoin’s dominance plummeted from 95.91% to 35.46%. Even in the 2021 bull market, despite Ripple’s legal battles with the U.S. Securities and Exchange Commission (SEC), XRP surged 10x from $0.18 to $1.96. Once again, Bitcoin’s dominance fell sharply—from 73.51% to 39.54%—allowing XRP to thrive.
Could History Repeat?
At present, Bitcoin’s dominance stands at 58.95%, having increased in recent months. However, market trends suggest that if Bitcoin’s share starts to shrink, altcoins like XRP could rally once more. Kevin Cage’s analysis indicates that XRP thrives when Bitcoin takes a backseat, making a massive price rally a real possibility during the next altcoin season.
While the prediction of a 500x increase is exciting, the outcome isn’t guaranteed. XRP’s price momentum may be influenced by external factors, including the ongoing Ripple vs. SEC legal battle. The SEC’s recent notice of appeal introduces uncertainty, potentially extending the regulatory saga.
Also Read: Ripple’s RLUSD Stablecoin Set For Year-End Launch – $47.4M Minted Across XRPL & Ethereum
What’s Next for XRP?
If XRP achieves even a 10x increase, the token would soar past $5, setting a new all-time high. Investors and traders are eagerly watching how Bitcoin’s dominance shifts in the coming months. A repeat of past cycles could see XRP at the forefront of the next bull run.
As history shows, altcoin seasons remain a powerful force in driving XRP’s price action. With market volatility looming, XRP holders may be in for an exhilarating ride—provided Bitcoin yields the spotlight.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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