Analyst Sees XRP Price Reaching New Highs as Bitcoin Dominance Drops

Crypto analyst Bird suggests that XRP might be poised for a significant rally due to decreasing Bitcoin dominance. Historical patterns from 2018, 2021, and 2024 show that XRP experienced major rallies when Bitcoin's dominance fell.

Bird predicts XRP's strongest rally could occur if Bitcoin's dominance continues to decline.
Past instances of decreased Bitcoin dominance have correlated with parabolic increases in XRP's price.
In 2024, Bitcoin's dominance briefly dropped, resulting in XRP reaching all-time highs despite a recovery in dominance.
Bird notes the current trend resembles historical patterns where XRP goes parabolic.
The next potential move might push XRP into double digits if Bitcoin's dominance breaks down significantly.

Currently, XRP is trading at approximately $2.14, reflecting a nearly 5% decrease in the last 24 hours.