I found an interesting analysis that a trader named JayDee shared about XRP. He’s seeing some very specific technical signals on the monthly chart that could indicate a big move ahead.

Basically, XRP retested a trendline that has been supporting since 2019, and at the same time the RSI is showing a hidden bullish divergence. For those who don’t follow technical analysis, this means the price makes a higher low, but the RSI shows a lower low — usually a sign of underlying strength even when the market looks weak.

The interesting part is that JayDee believes that if Bitcoin’s dominance starts to truly decline, XRP could enter a larger expansion phase. He projects that XRP could reach around $5.32 in this cycle, which would mean a market capitalization close to $325 billion. Currently, XRP is at $1.43 with a market cap of around $87.86 billion, so we’re talking about roughly a 4x move if this materializes.

Of course, he also warned about an alternative scenario where XRP drops further before rising — he calls it the ‘pink box’. But according to him, even in that case, the bullish divergence would still be valid for a future move.

This aligns with what other analysts are also commenting. The decline in Bitcoin’s dominance is seen as the key to a liquidity rotation into larger-cap altcoins. Back in 2017, when Bitcoin’s dominance fell from 95% to 37%, XRP surged over 70,000 percent. In this cycle, Bitcoin’s dominance hasn’t yet experienced such a dramatic structural break, so many people are waiting for that move to happen.

For now, XRP is trading well below its 2025 peak near $3.66, so the basic narrative is this: either the bullish move happens soon, or we have to wait for one last dip to accumulate before the next big cycle. Everything seems to depend on what happens with Bitcoin’s dominance in the coming months.