The post Chart Points to 1,000% Surge appeared on BitcoinEthereumNews.com.

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…

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Filed under: News - @ January 6, 2025 9:20 am