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Cryptoinsightuk believes that the much-anticipated Altcoin season has finally begun. That XRP could be the act of that headline. In a 13-minute market update posted on July 21, UK analysts claimed last week’s dramatic collapse of Bitcoin domination “eliminating 19 weeks of Bitcoin strength into a single candle.”
“The volume tells the story,” he said. He noted that the pattern mirrors the December 2020 setup, which preceded the last explosive altcoin cycle. If you continue to rewind at comparable speeds in your advantage, you could slip into the 39% zone within 7 weeks.
XRP could rise 500% against Bitcoin
The background to that macro is because, in the same breath, XRP just printed the best weekly end of its history. Cryptoinsightuk emphasizes the “split from accumulation” structure of XRP/USD charts, with the bitcoindominance itself lowering the stairs. “In my opinion, it’s a continuation,” he said, adding that XRP’s greatest band violations of all time from 2017 to 2018 can lead to a string of highs.
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Liquidity data enhances the paper. A heatmap from TradingDifferent shows the show “now, it’s all the way to around $4.26, a huge amount of liquidity… so long.” He expects XRP to attack that magnet “probably within this week,” and believes a run to $4.50 is “immediate” if Bitcoin breaks a nearby resistance shelf.
But the bold call is sected in Satosis. With XRP/BTC perching just under the final meaningful resistance, Cryptoinsightuk is looking at the range of rallies of at least 200% (up to 500% potentially) as the pair clears the level. Such a move would likely drive XRP’s market share to the 14-20% range from about 2% today, with Bitcoin itself pushing towards the corridors of $135,000-150,000. “Things will be pretty fast and exciting,” he warned, urging his followers to prepare plans to make profits ahead of time.
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The video focused on XRP, but analysts revealed that after earning 100% profit in two weeks, he recently won full money into his considerable Ena (ENA) position. The sale raised his cash buffer from 2% to about 5%, “giving him the opportunity to hold the XRP bag for longer,” he said.
Cryptoinsightuk has admitted that it is notoriously difficult to timing the top of the cycle. “No one nails the cycle,” he admitted, pledging to disclose his exit strategy in real time, when price action justifies it. For traders who “not live on the charts,” he recommended a disciplined take probit plan rather than aiming for an absolute peak.
For now, the spotlight remains on two charts: Bitcoin’s dominance and XRP/BTC. The former’s decisive breakdown and the latter’s clean breakout, in the words of an analyst, “ignites Altseason” and examines a 500% upside scenario. Whether that firework display starts this week or takes a little longer, he claimed “There’s no reason we can’t do anything like this,” sketching the almost vertical path higher.
At the time of press, the XRP traded for $3.46.
Featured images created with dall.e, charts on tradingview.com
