XRP could skyrocket by 500% against Bitcoin, analyst warns

CryptoInsightUK believes the long-awaited altcoin season has finally begun—and that XRP could be its headline act. The British analyst claimed that the dramatic fall in Bitcoin dominance last week was due to a market update of 13 minutes posted on 21 July. “erased 19 weeks of Bitcoin strength in a single candle,” He called it the first signal for a rotation towards altcoins.

“Volume tells the story,” He pointed to the red bar which accompanied the drop in dominance. This pattern is similar to the setup from December 2020 that was prior to the previous explosive altcoin cycle. If dominance continues to unwind at a comparable speed, it could slip to the 39 percent zone within seven weeks—giving altcoins room to outperform.

Bitcoin Could see a 500% rally in XRP

CryptoInsightUK highlighted an important macro background because XRP has just reached its highest weekly closing in history. CryptoInsightUK highlights an “accumulation-then-breakout” The chart of XRP/USD has a structure that is similar to the chart shown below. Bitcoin-dominanceLower your own stairs “It’s continuation, in my opinion,” He said that XRP’s breach of the 2017-2018 band of all-time highs could lead to a new series of even higher highs.

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Data on liquidity supports this thesis. TradingDifferent heat-maps show “significant liquidity to the upside… all the way now up to about $4.26,” The analyst stated. He believes XRP is going to try and attack this magnet “probably within this week” It is believed that the run up to $4.50 will be “imminent” If Bitcoin breaches its nearest resistance shelf.

But the more bold call is made in terms of satoshis. CryptoInsightUK believes that XRP/BTC is just above its previous significant resistance. “at least another 200 percent—potentially up to 500 percent—against Bitcoin” Once the pair has cleared the level. This, he argued would boost XRP’s share of the market to the 14–20 percent range, up from roughly 2 percent today, and would likely coincide with Bitcoin itself pushing toward the $135,000–$150,000 corridor. “Things are going to get exciting pretty quick,” He warned and urged his supporters to make plans for profit in advance.

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The analyst, who focused the video on XRP but also held a large Ethena position (ENA), took profits after a 100% gain within two weeks. He cited overexposure as well as extreme daily RSI values. The analyst said the transaction increased his cash cushion from 2% to 5%, which gave him a greater buffer. “the opportunity to hold my XRP bag for longer”.

CryptoInsightUK has acknowledged the difficulty of timing any top cycle. “No one nails the cycle,” He agreed, and said he would reveal his own real-time exit strategy once the market’s price actions justified it. For traders who don’t know how to trade “live the charts,” He suggested a take-profit strategy that was disciplined, as opposed to aiming at absolute peaks.

The focus remains on the charts of Bitcoin dominance, and XRP/BTC. According to the analyst, a clear breakout and a decisive break in both charts would be a sign of a strong market. “ignite altseason” Validate the 500% upside scenario. He insisted that the fireworks display would begin this week, whether it took a few days or if they started later. “there’s no reason we couldn’t do something like this”—and sketched a near-vertical path higher.

XRP was trading for $3.46 at the time of publication.

Featured Image created using DALL.E and chart from TradingView.com