CryptoInsightUK believes the long-awaited altcoin season has finally begun—and that XRP could be its headline act. In a 13-minute market update posted on July 21, the British analyst argued that last week’s dramatic collapse in Bitcoin dominance “erased 19 weeks of Bitcoin strength in a single candle,” a move he called the first clear signal of a sustained rotation into altcoins.

“Volume tells the story,” he said, pointing to the outsized red bar that accompanied the dominance drop. The pattern, he noted, mirrors the December 2020 setup that preceded the last explosive altcoin cycle. If dominance continues to unwind at a comparable speed, it could slip to the 39 percent zone within seven weeks—giving altcoins room to outperform.

XRP Could Rally 500% Against Bitcoin

That macro backdrop matters because, in the same breath, XRP just printed the highest weekly close in its history. CryptoInsightUK highlighted an “accumulation-then-breakout” structure on the XRP/USD chart that resembles Bitcoin-dominance’s own staircase lower. “It’s continuation, in my opinion,” he said, adding that XRP’s breach of its 2017-2018 all-time-high band could usher in a series of higher highs.

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Liquidity data bolsters the thesis. Heat-maps from TradingDifferent show “significant liquidity to the upside… all the way now up to about $4.26,” the analyst said. He expects XRP to attack that magnet “probably within this week” and believes a run to $4.50 is “imminent” if Bitcoin breaks its nearby resistance shelf.

The bolder call, however, is denominated in satoshis. With XRP/BTC perched just below its last meaningful resistance, CryptoInsightUK sees scope for a rally of “at least another 200 percent—potentially up to 500 percent—against Bitcoin” once the pair clears the level. Such a move, he argued, would propel XRP’s market-share to the 14–20 percent range, up from roughly 2 percent today, and would likely coincide with Bitcoin itself pushing toward the $135,000–$150,000 corridor. “Things are going to get exciting pretty quick,” he warned, urging followers to prepare profit-taking plans in advance.

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Though the video focused on XRP, the analyst revealed he recently took full profits on his sizeable Ethena (ENA) position after a 100 percent gain in two weeks, citing over-exposure and extreme daily RSI readings. The sale, he said, lifted his cash buffer from 2 percent to about 5 percent, giving him “the opportunity to hold my XRP bag for longer”.

CryptoInsightUK acknowledged that timing any cycle top is notoriously difficult. “No one nails the cycle,” he conceded, promising to disclose his own exit strategy in real-time once price action justifies it. For traders who do not “live the charts,” he recommended a disciplined take-profit plan rather than aiming for absolute peaks.

For now, the spotlight stays on two charts: Bitcoin dominance and XRP/BTC. A decisive breakdown in the former and a clean breakout in the latter would, in the analyst’s words, “ignite altseason” and validate the 500 percent upside scenario. Whether that firework display begins this week or takes a little longer, he insisted, “there’s no reason we couldn’t do something like this”—and sketched a near-vertical path higher.

At press time, XRP traded at $3.46.

Featured image created with DALL.E, chart from TradingView.com