In-Depth Analysis of XRP’s Potential to Surpass Bitcoin
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After a historic rise from $0.5 to over $3, XRP continues to capture investor interest, rising alongside major cryptocurrencies like Bitcoin (BTC). Given its previous bullish trajectory, many experts anticipate a substantial upward trend for this digital asset. Notably, one crypto analyst has boldly predicted that XRP could surpass Bitcoin in market capitalization during this bullish cycle.
Could XRP Eclipse Bitcoin Amidst Shifting Market Dynamics?
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Axel Rodd, a renowned crypto analyst on TradingView, has reignited interest in the possibility of XRP overtaking Bitcoin. He cites a significant decline in BTC’s dominance and the early signals of an altcoin resurgence. His analysis indicates that the current altcoin market conditions resemble the late 2017 scenario when XRP briefly became the most valuable cryptocurrency by market capitalization.
The recent Bitcoin Dominance (BTC.D) chart indicates a dramatic decrease from 63% to 15%, which Rodd characterizes as a “violent shift” in market dynamics. This shift typically heralds an altcoin season, during which investors redirect capital from BTC to other cryptocurrencies like XRP and ETH.
The current breakdown in dominance could serve as a catalyst for XRP’s exponential growth, potentially enabling it to surpass Bitcoin in market capitalization. Rodd forecasts that this historic transition could occur around September, especially with new all-time highs on the horizon. His confidence is bolstered by XRP’s past performance, which has already neared a new ATH this year, indicating strong underlying momentum.
Macroeconomic Influences on XRP’s Ascent Over BTC
In his detailed analysis, Rodd highlights a complex interplay of macroeconomic and geopolitical factors that could drive XRP’s growth and its potential to overtake Bitcoin. He points to speculation surrounding Donald Trump’s potential second presidency and Europe’s shift to a zero-tariff stance.
The analyst suggests that Trump’s economic strategies could unsettle traditional markets, paving the way for alternative assets like XRP to gain prominence. Additionally, Rodd emphasizes the role of the Tether (USDT) stablecoin as a formidable force in this cycle, with its substantial minting capacity and market dominance potentially leading it to surpass Ethereum in market cap soon.
Rodd envisions a scenario where XRP not only overtakes Bitcoin but also surpasses Tether in market cap. Should this occur, XRP’s current market cap of $106.46 billion could increase by 1,335%, exceeding Bitcoin’s $1.53 trillion and Tether’s $143.9 billion by 35.18%.
Moreover, some analysts have observed a correlation between a surge in market capitalization and a corresponding price rise. If this pattern holds, XRP’s market cap growth could act as a significant catalyst for a price increase. Despite the current downtrend, XRP is trading at $1.82, reflecting a moderate price rise from its weekly lows.
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