This article is also available in Spanish.
According to market analysis, XRP may experience a significant price explosion. The next altcoin season could run anywhere from 10x to an astonishing 500x, experts believe.
Two important charts by renowned market analyst Kevin Cage on XRP’s relationship to Bitcoin’s supremacy in past bull markets form the basis of this favorable prediction.
Last 2 Times $XRP Pumped
Happened during the previous 2 Alt Seasons when #Bitcoin reached its highest point first.
2017: Over 500X (over 300x with Monthly Candle Body)
2021: 10x (During Lawsuit & Exchange Delisting)
Will history rhyme or will the future be different?… pic.twitter.com/V8nb9yh8qR
— Kevin Cage (@Kevin_Cage_) October 16, 2024
Recently, financial analyst Gary Cardone stirred up enthusiasm in the XRP community with a cryptic tweet suggesting a possible “launch” of the cryptocurrency.
Historically, Bitcoin’s market dominance has significantly impacted the performance of altcoins, such as XRP. When Bitcoin dominance declines, altcoins often experience significant increases.
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We are waiting….I confirmed with the authorities that they are ready for you, here is the message;
XRP- LAUNCH PAD IS: Green…….
Continue with the launch code…..
Repeat:
The launch pad is green for XRP.
XRP may Launch.
General Barnaby Anushopium https://t.co/JB2BMQDoHs
— Gary Cardone (@GaryCardone) October 15, 2024
This trend was evident in previous altcoin seasons, when XRP grew as Bitcoin’s market dominance waned. Proponents like Zach Rector assert that XRP is poised for a major breakthrough, reinforcing the belief that the token’s future may be promising.
Historical Performance Shows Potential
Cage emphasized two critical epochs in XRP’s history. During the 2017 bull market, Altcoins including XRP surged significantly when Bitcoin fell, grabbing a chance to shine.
Despite being delisted from various exchanges and facing legal challenges from the US SEC,
Its value increased from $0.18 to $1.96 along with a decline in Bitcoin’s supremacy, which fell from 73.51% to 39.54%. These historical examples show a different trend: XRP usually outperforms when Bitcoin declines.
Altcoins: Market Dynamics
Currently, Bitcoin dominance is around 58%, recently increasing. If its dominance starts to wane again, based on previous cycles, XRP could be poised for another big price spike.
A tenfold increase is possible, which would push XRP above $5. This shows that altcoin seasonality is still the main reason for changes in token prices.
Although this prediction has received a lot of attention, it is still unclear how much XRP will rise. Things like the current lawsuit against Ripple could change how the market works.
The SEC’s recent appeal in its case against Ripple makes things even more complicated. This makes legal battles last longer and makes investors less sure about what will happen.
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Public Discourse and Speculation
The XRP community is full of speculation. Cardone’s tweet using military imagery suggests some kind of upcoming XRP development. Some members of the community apparently took it as good news.
XRP supporters, such as Zach Rector, interpreted Garry’s tweet as an indication of growing recognition of the altcoin. “Gary is getting on the XRP train,” he said.
Featured image from HTX, chart from TradingView
