XRP Poised for Legendary Surge as Bitcoin Dominance Dips to 42%
Analyst Amonyx and Swissblock macroeconomist Henrik Zeberg predict a "legendary" next wave for XRP as Bitcoin dominance enters Wave 3 of an Elliott Wave pattern. Zeberg’s chart shows Bitcoin dominance declining from current levels toward 42%, and potentially 32% if extended. Historically, such drops trigger major altseason rotations, favoring active tokens like XRP. The analysis highlights weakening Bitcoin highs, Fibonacci support zones at 42% and 32%, and negative RSI divergence at key peaks. Traders are advised to prepare for increased XRP momentum and possible price breakouts as liquidity shifts into altcoins.
Bullish
A predicted decline in Bitcoin dominance historically triggers major altcoin rotations, often leading to sharp rallies in tokens like XRP. Zeberg’s Elliott Wave and Fibonacci analysis points to Bitcoin dominance falling to 42% or even 32%, creating favorable conditions for altseason. Similar patterns in past cycles (2017, 2020–21) saw XRP outperform during dominance dips. Short-term, traders can anticipate increased volatility and upward price momentum. Long-term, sustained lower BTC dominance would support broader capital inflows into XRP and other altcoins, reinforcing a bullish outlook.