- Bitcoin is approaching the $114,000 zone with strong volume, signaling the potential start of a broader altcoin market movement.
- XRP surged 462% in 30 days after a similar BTC breakout, and traders expect a possible repeat of that performance.
- Bearish divergence in BTC Dominance shows weakening momentum, increasing chances of capital rotating into XRP and other altcoins.
XRP may be positioning itself to lead the next altcoin season, as technical developments surrounding Bitcoin (BTC) spark renewed optimism. According to market watchers, a breakout could replicate previous XRP price moves.
Bitcoin’s Liquidity Push Draws Attention
Cryptoinsightuk shared insights suggesting that Bitcoin’s recent 1-hour candle push, supported by rising volume, may soon test the $114,000 level. This liquidity area, if broken, could pull the market higher and spark momentum across altcoins.
The tweet noted that “We are here” — referring to a chart zone — implies that if Bitcoin pushes into short-term liquidity, it could extend into the daily liquidity zone. This move, historically, has catalyzed wider market participation, often triggering altcoin rallies.
Another such price hike like this was caused when XRP was able to go up to $2.70 from $0.55 in a span of just 30 days. Traders are keeping a very sneaky eye on the possibility of such a shift once again occurring, particularly as Bitcoin is currently approaching a noteworthy breakout group.
XRP’s Historic Behavior Cited as Key Reference
The tweet recalls how a similar BTC breakout led to a strong XRP rally. XRP posted a 462% surge during that phase. The setup being tracked suggests XRP could again act as the early mover in a broader altcoin trend.
The analysis explains that XRP, currently holding near the $2.00 level, remains resilient. Despite Bitcoin Dominance (BTC.D) climbing steadily since December 2022, XRP’s stability near historical pivot zones adds weight to the argument for a possible breakout.
A defined chart zone — referred to as the “Previous Alt Season Start Point” — is where traders expect altcoin momentum to begin. Cryptoinsightuk notes that alt season “could technically come from anywhere in this box,” underlining the high liquidity density observed.
BTC Dominance Faces Bearish Pressure
Weeks of bearish divergence in BTC Dominance (BTC.D) have been noted. Should this continue, it could trigger a rapid shift toward altcoins. If BTC.D weakens, capital may rotate into major altcoins, further lifting XRP and peers.
The market has witnessed dominance slowly draining from BTC. This divergence, paired with XRP’s steady performance, strengthens expectations for XRP to take the lead if altcoin rotation accelerates.
Cryptoinsightuk’s analysis reinforces that the conditions forming today resemble the past setup when XRP sharply outperformed, offering traders historical context to monitor.
