XRP's Historical Increase: Analyst Points to 1000% Increase as $BTC Dominance Declines

XRP has witnessed a significant recovery, rising to $2.45 on January 4, 2025, marking a 375% increase since Donald Trump's historic victory in early November. Dom, a renowned cryptocurrency analyst, emphasized that the diminishing dominance of Bitcoin is an important factor that could shape the trajectory of XRP in the coming months.

The dominance of Bitcoin, measured by Bitcoin's market share across the entire cryptocurrency market, has recently dropped to 55.4%, a significant decrease from its peak of 59.92% on December 20, 2024. Historically, a significant decline in Bitcoin's dominance has led to an "altcoin season", a period marked by increased capital flow into cryptocurrencies such as XRP. XRP price increases before Bitcoin drops - A sign of a major price increase? In previous market cycles, significant declines in Bitcoin dominance have been followed by strong price increases in XRP. For example, when dominance dropped by 30%, XRP saw a surge of over 1,000%. However, in this cycle, Bitcoin dominance only dropped by 5% and XRP has increased by nearly 375% since November 2024.

Mr. Dom speculates that this price increase could be the precursor to even larger increases driven by new capital inflows into the market. He notes that a true price surge may occur when Bitcoin's dominance decreases, signaling the beginning of a larger market trend. The revival of XRP begins in November 2024, surpassing the $1 mark for the first time in three years. This move is considered unusual as it challenges the common pattern of declining Bitcoin dominance, triggering the growth of altcoins. At that time, Bitcoin's dominance still remains at around 58%. At the time of writing, XRP is trading at $2.45, up 13% just this week. Analysts predict that by the end of 2025, adoption by institutions could push the value of XRP to $5 or higher, reflecting increased demand and confidence in the asset.

Adding to the excitement, Egrag, a cryptocurrency analyst with 70,000 followers on X, envisions an even bolder scenario: XRP reaching $50 by the end of 2025. While ambitious, this forecast highlights the optimism surrounding the potential of XRP in a rapidly growing market. The legal battle of Ripple is about to end. The upcoming inauguration of Donald Trump as the 47th President on January 20, along with the resignation of SEC Chairman Gary Gensler, is expected to change the regulatory landscape of the cryptocurrency industry. For the Ripple community, these changes could mark the end of the long-running legal battle with the SEC, potentially clarifying XRP's status as a non-security. In the growing legal environment, the future of XRP looks promising. Industry observers predict the approval of XRP ETFs, with companies like Bitwise, Canary Capital, and WisdomTree lining up applications. Such developments have the potential to significantly impact the price trajectory of XRP. DYOR! #Write2Earn #Write&Earn $XRP {spot}(XRPUSDT)