Latest news with #BitcoinDominance
Time of India
12-05-2025
- Business
- Time of India
XRP price to reach $10 in 2025? Crypto analyst decodes factors that could drive its surge
XRP , one of the largest cryptocurrencies, could reach as high as $10 or more even than that in 2025, as per the latest prediction by a famous crypto analyst. #Operation Sindoor The damage done at Pak bases as India strikes to avenge Pahalgam Why Pakistan pleaded to end hostilities Kashmir's Pahalgam sparks Karachi's nightmare Currently trading at around $2.55, XRP price has gained significant momentum in the current bull cycle. It has climbed from $1.75 on April 9, 2025 to more than $2.50 now. Edo Farina, XRP supporter and crypto analyst on X, highlighted several major factors that are soon expected to increase the crypto's demand, besides boosting its adoption in the global market. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Luxury Residences In Bengaluru By Lodha Group Lodha Hosa Road Book Now Undo Will XRP price reach $10? In the current cycle, XRP has emerged as a leading altcoin in the early phase itself. This is quite different from the earlier times when it used to witness a jump only towards the end. Farina recently shared a video on the Elon Musk-owned social media platform predicting XRP's potential price in the months to come. He has even discussed multiple factors that might drive this surge. Live Events Also Read : UK announces measures to tighten immigration policies amid rising voter anger In his close to three-and-a-half minute video, Farina talks about Bitcoin Dominance, looking at it as a major indicator for the price movements of altcoins. At the moment, the price for BTC.D is said to be relatively higher, even though its dominance has declined from 40% to 30%. According to Farina, this marks the onset of the altcoin season. He thinks XRP holds the potential to see a 4X rally from its current price. This means XRP price can reach anywhere around the $10 mark and even more than that, the crypto analyst predicts. A key reason behind its surge in price is the current market cycle. Breaking the mold, the cryptocurrency has performed well early on, contrary to its history of late-stage rallies. With XRP trading above $2 as well as Bitcoin dominance remaining stronger, Farina believes that is a pivotal sign towards "decoupling" from the traditional movements in the market, according to The Crypto Basic. Regulatory clarity One of the major catalysts that could potentially be driving XRP's bullish outlook is the resolution to the long-standing lawsuit between Ripple and the Securities and Exchange Commission (SEC). With XRP no longer being classified as a security in the country, Ripple now is free to offer the token to several financial institutions. This will boost investor confidence and can even lead to its adoption globally, Farina said. Also Read : Who is Edan Alexander? American-Israeli hostage set to be freed by Hamas after more than 500 days in Gaza FAQs 1. How much to pay for 1,000 XRP taking into consideration Edo Farina's projection? Going by Farina's prediction, investors will be required to pay $10,000 for 1,000 XRP if its price reaches $10. 2. What are the largest cryptocurrencies worldwide? These include Bitcoin, Ethereum, XRP, Tether, BNB, Solana, USDC and Dogecoin among others.
Business Mayor
11-05-2025
- Business
- Business Mayor
Crypto Analyst Says 'Altseason Is Dawning' As Bitcoin Dominance Reaches HTF Resistance, What To Expect
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The Bitcoin Dominance (BTC.D) has made an unexpected climb into a historically strong resistance zone, now hovering near the 64.7% mark in the High Time Frame (HTF). This sharp move has sparked considerable interest among analysts and traders, with key technical indicators and chart formations suggesting a potential turning point that could usher in the long-awaited 2025 altcoin season . Bitcoin Dominance Faces HTF Resistance The Bitcoin Dominance has been steadily climbing for almost 3 years, underscoring the flagship cryptocurrency's enduring influence over the broader market. Notably, crypto analyst Gert van Lagen has unveiled an unexpected uptick in BTC.D. The analyst shared a technical chart analysis of Bitcoin Dominance, highlighting a confluence of bearish signals that mirror the 2021 market cycle — a period that led to a dramatic shift in capital from BTC to alternative cryptocurrencies. The analyst has pointed out that Bitcoin Dominance has now reached a key HTF resistance zone of around 64%-76 %. The current chart also shows a rising wedge pattern, a typical indicator of market exhaustion before a potential trend reversal. This crucial wedge pattern has formed within the same HTF resistance zone where BTC.D topped out in past cycles, including the 2021 peak. Source: Gert van Lagen on X Adding to the bearish outlook, the Relative Strength Index (RSI) is flashing a regular bearish divergence. While Bitcoin Dominance is pushing higher, RSI is failing to do the same, indicating weakening momentum. A similar setup occurred in 2021, where exaggerated bearish divergence foreshadowed the eventual breakdown of BTC.D and paved the way for an altseason . Read More What to expect as Avalanche retests June lows If history is any guide, the market could be approaching another inflection point. As in the last cycle, Lagen believes that the actual top in Bitcoin Dominance might not be confirmed until the uptrend structure breaks — a move that would likely shift attention to altcoins. Expanding on the Bitcoin Dominance recent rise, other analysts like Ijaz Awan on X disclosed that BTC.D is currently approaching a major resistance zone between 71.38% and 73.06%. The analyst highlights that this area has been a strong turning point in the past , acting as a top back in 2017, 2019 and 2021. With Bitcoin Dominance nearing past peaks, the analyst predicts a potential start of the altcoin season. Is The Altcoin Season Really Coming? In his post, Lagen concluded his analysis by stating that the altcoin season is dawning. Other prominent analysts share this view, believing that Bitcoin's Dominance serves as a key indicator of an impending altcoin season. Notably, Karman Asghar, a crypto trader and analyst, confirmed in an X post that a new altcoin season is brewing in 2025 as the Bitcoin Dominance chart flashes familiar warning signs. The analyst shared two parallel charts, comparing similar Bitcoin Dominance in 2021 and 2025 . Both charts displayed BTC.D forming a double top, with a clear bearish RSI divergence. While the bearish RSI divergence isn't a guaranteed trigger, its recurrence combined with historical market behaviour gives credibility to the idea that the market may be on the brink of another major altcoin season. Overall market cap excluding BTC at $1.03 trillion | Source: TOTAL2 on Featured image from Unsplash, chart from
