I just reviewed JayDee's analysis on XRP and there are some interesting details worth considering. The analyst is pointing out a bullish divergence on the monthly chart that could be quite significant if confirmed. Basically, while the price is making higher lows, the RSI is showing lower lows, which generally indicates underlying strength despite the market appearing weak.



XRP is currently at $1.43 with a market capitalization close to $88 billion. What's interesting is that technical analysis shows the token has tested a bullish trend line that has been forming for about seven years. JayDee believes that if this remains as support and Bitcoin's dominance begins to decline, we could see a significant move upward.

The target he proposes is quite ambitious: around $5.32 per token, which would imply a market cap close to $325 billion. From where we are now, that would be approximately a 4x increase. Of course, he also mentions a more bearish alternative scenario, a kind of deep correction he calls the pink box, but he says that even in that case, the bullish divergence would remain intact for the next cycle.

What catches my attention the most is how several analysts agree that everything depends on what happens with Bitcoin's dominance. In 2017, when Bitcoin's dominance dropped dramatically from 95% to 37%, XRP surged over 70,000%. In this cycle, we've already seen a 600% move, but Bitcoin's dominance has not yet shown a clear structural break. If that changes around 2026, it could be the catalyst many are waiting for to rotate into large altcoins.
XRP-0.06%
BTC-0.75%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin