Chart Points to 1,000% Surge

  • XRP has surged by 375% since November 2024, reaching $2.45, with Bitcoin’s declining dominance contributing to the rally.
  • Analysts predict XRP could hit $5 by 2025, with potential for further growth to $50, fueled by institutional adoption and regulatory changes.

XRP has seen a remarkable recovery, climbing to $2.45 as of January 4, 2025, marking a 375% spike since Donald Trump’s historic victory in early November. Dom, a well-known crypto analyst, highlights Bitcoin’s declining dominance as a critical factor that could shape XRP’s trajectory in the months ahead.

Source: CoinMarketCap

Bitcoin dominance, the metric that tracks Bitcoin’s share of the total crypto market, has recently slipped to 55.4%, a notable drop from its December 20, 2024, high of 59.92%. Historically, significant drops in Bitcoin dominance have triggered an “altcoin season,” a phase marked by increased capital flow into cryptocurrencies like XRP.

XRP Rallies Before Bitcoin Drops – A Sign of Major Rally?

During previous market cycles, substantial declines in Bitcoin dominance were followed by massive XRP rallies. For instance, when dominance fell by 30%, XRP saw gains exceeding 1,000%. However, in this cycle, Bitcoin dominance has only decreased by 5%, and XRP is already up nearly 375% since November 2024.

Source: Dom

Dom speculates this rally might be a precursor to larger gains fueled by fresh capital entering the market. He notes that the real surge could occur once Bitcoin dominance experiences a sharper drop, signaling the start of a broader market movement.

XRP’s resurgence began in November 2024, breaking past the $1 mark for the first time in three years. This move was considered unusual, as it defied the common pattern of declining Bitcoin dominance, triggering altcoin growth. At the time, Bitcoin dominance stood firm at around 58%.

At the time of writing, XRP is trading at $2.45, up 13% this week alone. Analysts predict that by the end of 2025, institutional adoption could push XRP’s value to $5 or higher, reflecting increased demand and confidence in the asset.

Adding fuel to the excitement, Egrag, a crypto analyst with 70,000 followers on X, envisions an even bolder scenario: XRP reaching $50 by the end of 2025. While ambitious, this forecast underscores the optimism surrounding XRP’s potential in a rapidly evolving market.

Ripple’s Legal Battle Nears Conclusion

The upcoming inauguration of Donald Trump as the 47th President on January 20, alongside SEC Chair Gary Gensler’s resignation, is expected to transform the crypto sector’s regulatory landscape. For the Ripple community, these changes could mark the end of its prolonged legal battle with the SEC, potentially clarifying XRP’s status as a non-security.

In a maturing regulatory environment, XRP’s future looks promising. Industry watchers anticipate the approval of spot XRP ETFs, with firms like Bitwise, Canary Capital, and WisdomTree lining up applications. Such developments are likely to impact XRP’s price trajectory significantly.


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Source: https://www.crypto-news-flash.com/historic-xrp-gains-analyst-points-to-1000-surge-amid-btc-dominance-declines/?utm_source=rss&utm_medium=rss&utm_campaign=historic-xrp-gains-analyst-points-to-1000-surge-amid-btc-dominance-declines

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