XRP is predicted to have significant price growth in the next altcoin season, with experts forecasting potential gains of up to 500x. This prediction is based on two key charts by market analyst Kevin Cage, highlighting XRP's past performance during alt seasons accompanying Bitcoin's dominance declines.
During the 2017 bull market, XRP surged more than 500-fold, benefiting from Bitcoin dominance dropping from 95.91% to 35.46%. In 2021, amid legal challenges and exchange delistings, XRP achieved a 10x value increase alongside Bitcoin dominance diminishing to 39.54%. Historical patterns indicate XRP thrives when Bitcoin wanes.
Currently, with Bitcoin's dominance around 58%, a reduction could spur substantial XRP price increases once again. A similar pattern could lead to a tenfold rise, pushing XRP above $5, highlighting the impact of altcoin seasons on its price.
However, legal concerns like Ripple's ongoing lawsuit with the SEC, with its recent appeal, add uncertainty to the crypto's future. Community buzz is fueled by Gary Cardone's cryptic tweet, suggesting potential developments that are interpreted positively by XRP supporters.
