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XRP price

Will XRP Dethrone Ethereum To Lead This Altcoin Season?

Scott Matherson
by Scott Matherson
1 month ago
·
Posted in XRP
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The fast rise of XRP’s popularity and its place as a top 5 cryptocurrency has seen it emerge as a major competitor for Ethereum. Ethereum, the second-largest cryptocurrency in the industry and the largest altcoin, has always led the way for an altcoin season when it begins to outperform Bitcoin. However, it seems the tides may be turning as one crypto analyst has suggested that XRP could be the altcoin to lead the next altcoin season ahead of Ethereum.

Altcoin Season Is Coming As XRP Takes Lead

According to crypto analyst Cyptoinsightuk, there are a number of developments that point at a possible altcoin season being on the horizon. The first of these is the performance of Bitcoin as it continues to rally ahead of the rest of the crypto market. So far, with the volume rising, the leading cryptocurrency has been pushing toward new all-time highs.

Related Reading: Ethereum Builds Strength Against Bitcoin: Breakout Prediction Above 0.02 BTC

The next step from here is that the Bitcoin price does push upwards into areas with denser liquidity, which could trigger a renewed rally. In the charts shared, this area of dense liquidity is placed at $114,000, reaching which would mean a new all-time high for the Bitcoin price and a continued rise in the dominance before it tops. Once a top is reached on the Bitcoin dominance chart, the altcoin season is expected to start in full bloom.

Instead of Ethereum being expected to lead the start of the altcoin season, the crypto analyst points to how the XRP price has often reacted to moves like this in the past. Notably, despite the Bitcoin price leading the market into deep losses, the XRP price has refused to break below the $2 support.

The range that has plagued the altcoin began back in 2024 and has been around for six months. Previously, when the XRP price has ranged this much, it has often ended in a breakout, similar to what was seen back in October 2024.

XRP Bitcoin
Source: X

Cryptoinsightuk explains that if Bitcoin is able to break out of this range, then it would be the catalyst for the XRP price to take off. Furthermore, the market has now plunged toward what the analyst refers to as the “Previous Alt Season Start Point”, suggesting a reset that could mean the start of the next altcoin season is around the corner.

Related Reading: XRP Analyst: No Need To Panic Despite Judge’s Rejection, Rally Still In Play As $2 Holds

The crypto analyst also pointed out the fact that there have been weeks of bearish divergence on the Bitcoin dominance chart. Given this, they believe the dominance will begin to fall soon and will do so quickly. In this case, the prices of altcoins like XRP are expected to rip higher, bringing in the next altcoin season. “Just to put things into context of how mental alt coins could go, the “XRP Move” box looks like just a blip, this equated to a 462% rise in $XRP price,” the analyst said.

XRP price chart from TradingView.com
Price falls to retest $2.2 support | Source: XRPUSDT on TradingView.com
Featured image from Dall.E, chart from TradingView.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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Scott Matherson

Scott Matherson

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Scott Matherson is a leading crypto writer at Bitcoinist, who possesses a sharp analytical mind and a deep understanding of the digital currency landscape. Scott has earned a reputation for delivering thought-provoking and well-researched articles that resonate with both newcomers and seasoned crypto enthusiasts. Outside of his writing, Scott is passionate about promoting crypto literacy and often works to educate the public on the potential of blockchain.

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