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Breaking News: REX Shares Claims Its DOGE And XRP Spot ETFs Will Be Approved By US SEC Tomorrow
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Breaking News: REX Shares Claims Its DOGE And XRP Spot ETFs Will Be Approved By US SEC Tomorrow

XRP Could Skyrocket 500% Against Bitcoin, Analyst Warns

Jake Simmons
Jake Simmons
2 months ago
3 mins read
XRP price news

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CryptoInsightUK believes the long-awaited altcoin season has finally begun—and that XRP could be its headline act. In a 13-minute market update posted on July 21, the British analyst argued that last week’s dramatic collapse in Bitcoin dominance “erased 19 weeks of Bitcoin strength in a single candle,” a move he called the first clear signal of a sustained rotation into altcoins.

“Volume tells the story,” he said, pointing to the outsized red bar that accompanied the dominance drop. The pattern, he noted, mirrors the December 2020 setup that preceded the last explosive altcoin cycle. If dominance continues to unwind at a comparable speed, it could slip to the 39 percent zone within seven weeks—giving altcoins room to outperform.

XRP Could Rally 500% Against Bitcoin

That macro backdrop matters because, in the same breath, XRP just printed the highest weekly close in its history. CryptoInsightUK highlighted an “accumulation-then-breakout” structure on the XRP/USD chart that resembles Bitcoin-dominance’s own staircase lower. “It’s continuation, in my opinion,” he said, adding that XRP’s breach of its 2017-2018 all-time-high band could usher in a series of higher highs.

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Liquidity data bolsters the thesis. Heat-maps from TradingDifferent show “significant liquidity to the upside… all the way now up to about $4.26,” the analyst said. He expects XRP to attack that magnet “probably within this week” and believes a run to $4.50 is “imminent” if Bitcoin breaks its nearby resistance shelf.

The bolder call, however, is denominated in satoshis. With XRP/BTC perched just below its last meaningful resistance, CryptoInsightUK sees scope for a rally of “at least another 200 percent—potentially up to 500 percent—against Bitcoin” once the pair clears the level. Such a move, he argued, would propel XRP’s market-share to the 14–20 percent range, up from roughly 2 percent today, and would likely coincide with Bitcoin itself pushing toward the $135,000–$150,000 corridor. “Things are going to get exciting pretty quick,” he warned, urging followers to prepare profit-taking plans in advance.

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Though the video focused on XRP, the analyst revealed he recently took full profits on his sizeable Ethena (ENA) position after a 100 percent gain in two weeks, citing over-exposure and extreme daily RSI readings. The sale, he said, lifted his cash buffer from 2 percent to about 5 percent, giving him “the opportunity to hold my XRP bag for longer”.

CryptoInsightUK acknowledged that timing any cycle top is notoriously difficult. “No one nails the cycle,” he conceded, promising to disclose his own exit strategy in real-time once price action justifies it. For traders who do not “live the charts,” he recommended a disciplined take-profit plan rather than aiming for absolute peaks.

For now, the spotlight stays on two charts: Bitcoin dominance and XRP/BTC. A decisive breakdown in the former and a clean breakout in the latter would, in the analyst’s words, “ignite altseason” and validate the 500 percent upside scenario. Whether that firework display begins this week or takes a little longer, he insisted, “there’s no reason we couldn’t do something like this”—and sketched a near-vertical path higher.

At press time, XRP traded at $3.46.

XRP price
XRP consolidates above the 1.0 Fib, 1-day chart | Source: XRPUSDT on TradingView.com
Featured image created with DALL.E, chart from TradingView.com
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Jake Simmons
Jake Simmons

Jake Simmons

Jake Simmons, a dedicated crypto journalist, has been passionate about Bitcoin since 2016 when he first learned about it. Through his extensive work with NewsBTC.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field.

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His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone.
With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake’s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage.

Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked government actions and flawed Keynesian economic policies. Drawing from the principles of the Austrian school of economics, Jake views Bitcoin not merely as a digital asset but as a crucial step towards rectifying a failing monetary system. His libertarian views reinforce his stance that just as the church was separated from the state, so too should money be freed from governmental control.

For Jake, Bitcoin represents more than just an investment; it's a peaceful revolution. He envisions a future where Bitcoin fosters a sustainable and responsible financial framework for generations to come. His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality.

As a journalist, Jake’s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies.

In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it’s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake’s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time.

You can engage with his latest takes on Twitter: @realJakeSimmons.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

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