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I just saw JayDee's analysis on XRP, and honestly, the charts look quite interesting. The guy found a hidden bullish divergence on the monthly timeframe with an RSI showing underlying strength, while the price is forming higher lows. Additionally, XRP is retesting a support trend line that has been intact for seven years. If this is confirmed, it could be the setup many have been waiting for.
The key here is that everything depends on Bitcoin's dominance. If BTC starts losing dominance significantly, that bullish divergence in the RSI could trigger a major move. JayDee projects that XRP could reach around $5.32 if the market capitalization hits $325 billion, which would be approximately 4x from the current $88 billion. Considering XRP is now at $1.43, the potential is there.
What's interesting is that JayDee also mentions an alternative scenario: a deeper correction before the bullish move. But even in that case, the bullish divergence would still be valid. Other analysts like Dark Defender share a similar thesis, pointing out that if Bitcoin's dominance drops as it did in 2017 from 95% to 37%, we could see a massive rotation into large-cap altcoins. In 2017, XRP surged over 70,000%, so the precedent exists. For now, everything depends on whether BTC continues to dominate or if that rotation they've been waiting for finally begins.