XRP to $10 Is Just the Beginning, Analyst Suggests

XRP continues to attract attention from crypto analysts who believe the digital asset may be on the verge of a significant breakout. According to market commentator CryptoInsightUK, XRP reaching $10 is not the final destination but rather an early milestone in a much larger potential move.

In a detailed analysis, CryptoInsightUK built a case that XRP could surge well beyond $10, possibly entering the $20 to $30 range during this market cycle. His argument rests on several technical and macroeconomic factors, including asset rotation, historical patterns in crypto dominance, and broader financial market trends.

The analyst began by addressing current liquidity conditions in the Bitcoin market, anticipating a possible short squeeze that might temporarily send Bitcoin to $103,000 before a correction sets in. However, he quickly redirected focus to altcoins, particularly XRP, proposing that major economic trends like persistent inflation could fuel a shift in capital flows from traditional investments into the crypto sector.

To illustrate this point, he compared the current state of traditional assets to their 2017 levels. Gold, he pointed out, has risen from $1,200 to $3,200 per ounce, while the S&P 500 has more than doubled from 233 to 566. These increases, he argued, signal a broader devaluation of fiat currencies, setting the stage for increased investment in digital assets like XRP.

According to CryptoInsightUK, a pullback in assets such as gold—estimated at 17% of a $22 trillion market—could reallocate enough capital into crypto to boost its market cap substantially. This influx would, in turn, place Bitcoin in the $180,000 to $220,000 range and potentially propel altcoins like XRP even further.

The cornerstone of his theory centers on the relationship between Bitcoin dominance and XRP’s performance. Using historical comparisons, he pointed out that in 2017, a 47% decline in Bitcoin’s share of the total crypto market coincided with an elevenfold increase in XRP’s value. A similar trend occurred in 2021 with a 46% drop leading to a 600% XRP rally, even as the company faced regulatory disputes.

He argued that if Bitcoin dominance were to fall another 40%—a return to the lower end of its long-term range—XRP could reach as high as $16. If dominance dropped to 25%, the token might climb to $36 or even $37, based on historical ratios. While noting that these numbers are hypothetical estimates, he emphasized that they align with past market behavior and should not be dismissed outright.

Responding to concerns over market cap limitations, the analyst cited the tripling of gold’s market valuation since 2017 and the ballooning of U.S. national debt to $36 trillion. He suggested that these changes highlight why high valuations for XRP should not be considered implausible. “Market cap shouldn’t stop you from making what many call unrealistic predictions,” he said.

CryptoInsightUK also stressed that his bullish thesis was based on technical indicators and not driven by hype. By overlaying XRP’s performance against Bitcoin dominance patterns, he identified a strong inverse correlation. According to him, XRP tends to spike rapidly during periods when Bitcoin’s dominance declines, often delivering swift and dramatic gains in short time frames.

He concluded with a word of caution and encouragement, urging audiences not to let their personal biases or negative sentiment toward XRP interfere with historical analysis. “XRP makes its moves very quickly,” he warned, referencing prior cycles where gains occurred in compressed time windows.

At the time of his analysis, XRP was trading around $2.13, leaving plenty of potential, he suggested, for upward momentum in line with evolving market dynamics and historical patterns.

Related: Expert Advice: Sell XRP If You’re Confused