Some technical analysts are closely monitoring an interesting setup in XRP. One of them, known as JayDee, noticed that the monthly chart is showing a hidden bullish divergence combined with a retest of a trendline that has been holding for over seven years. Basically, the price tested this historic support while the RSI indicated underlying strength — the kind of signal that usually precedes big moves.

But here’s the crucial detail: everything depends on Bitcoin’s dominance. If BTC’s dominance begins to decline significantly, JayDee believes XRP could enter its next expansion phase. The thesis is that when Bitcoin’s dominance weakens, liquidity flows into larger altcoins, and XRP would be one of the main beneficiaries.

His projection is quite aggressive: a market cap close to $325 billion, which would push XRP above $5.32. For context, XRP is around $1.41 right now, so we’re talking about a roughly 4x move if this materializes. He mentions that this cycle could bring that, or the move could unfold in the next cycle.

What’s interesting is that this analysis isn’t isolated. Dark Defender has also spoken about how a historic drop in Bitcoin’s dominance could mirror what happened in 2017, when dominance fell from 95% to 37%, and XRP exploded over 70,000%. In this cycle, XRP has already risen more than 600%, but BTC’s dominance has not yet experienced that dramatic structural break that some expect.

Of course, JayDee also warns of an alternative scenario — he calls it the “pink box” — where XRP pulls back further before surging. But even in that case, the hidden bullish divergence on the monthly chart would remain intact. So basically, he sees two paths: either XRP heads straight for the main targets, or it takes another scare before the big expansion. For now, the market is waiting for that moment when Bitcoin’s dominance truly breaks and the rotation into altcoins materializes.