A strategist says XRP is now headed for a massive 200X based on previous ‘alt seasons’ data, with the floor being a 10X.
Market data indicates that XRP could experience a substantial price increase, potentially rising by 10 to 500 times during the next altcoin season.
This insight comes from two charts shared by Kevin Cage, a well-known market analyst and advisor at Iron Key Capital.
His analysis draws on historical patterns showing the relationship between Bitcoin’s market dominance and XRP’s performance during past bull runs.
Historically, XRP has demonstrated strong gains during altcoin seasons, which typically happen when Bitcoin’s dominance decreases, allowing altcoins to thrive.
Significant surges were seen during the bull markets of 2017 and 2021.
In 2021, XRP managed to achieve another notable rally despite facing significant legal challenges from the SEC and being delisted from several exchanges.
The SEC charged Ripple and its executives in December 2020, claiming that XRP was an unregistered security.
Despite these hurdles, XRP’s price soared from $0.18 to $1.96—a 10x increase—during a period when Bitcoin’s market dominance dropped sharply from 73.51% to 39.54%.
Currently, charts suggest that the market may be nearing another altcoin season, even with a recent rise in Bitcoin’s dominance, which stands at approximately 58.95%.
If Bitcoin’s dominance starts to decline again, as seen in previous cycles, XRP could see a significant price increase.
If XRP replicates its 2017 performance and achieves a 500x rise, its price could soar from around $0.55 to as much as $275.
Alternatively, if it mirrors its more moderate 2021 performance with a 10x increase, the price could still reach approximately $5.47.
The data indicates that conditions for another altcoin season are emerging, and history shows that XRP typically performs well during these times.
However, the exact extent of any potential gains remains uncertain.
Additionally, with the SEC recently filing a notice of appeal in the Ripple case, the legal challenges may continue, which could suppress XRP’s price movement.
If legal pressures persist, a more modest 10x increase could still push XRP to a new all-time high above $5.
But I’m curious to know what you think — leave your thoughts below.
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Also Read: The SEC Is Now Under Massive Scrutiny Following XRP Appeal
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