As Bitcoin continues to dominate the crypto market, attention is shifting to XRP’s relative performance and its strategic potential in upcoming altcoin cycles. With Bitcoin dominance holding near 70% and historical parallels emerging, traders are reexamining XRP’s positioning through a comparative lens—particularly against BTC.

XRP/BTC Pair Suggests Reversal Opportunity

Since peaking in January 2018 at 0.00023 BTC, the XRP/BTC pair has fallen nearly 97%, hitting a long-term low of 0.00000674 in November 2024. Despite intermittent rallies, XRP has remained in a prolonged downturn relative to Bitcoin. However, recent technical analysis suggests that may be changing.

A double bottom pattern on the XRP/BTC chart, identified in late 2024, points to a potential trend reversal. Analyst Benjamin Cowen capitalized on this formation, rotating capital into XRP after years of prioritizing Bitcoin. His move reflects a growing strategy among traders—tracking Bitcoin dominance to anticipate altcoin pivots.

Bitcoin Dominance as a Timing Tool for Altcoin Rotations

Cowen’s rotation strategy highlights how Bitcoin dominance charts can act as a macro timing signal for altcoin opportunities. By watching relative strength and dominance ratios, he aims to position ahead of market transitions. Though some, like analyst GeoMetric, criticize this method as overused, Cowen defends it as a valuable gauge of market sentiment.

According to this approach, shifts in the BTC-to-XRP ratio can hint at when altcoins are likely to outperform. By layering historical structure analysis with dominance trends, traders can better anticipate where capital might rotate next—especially if XRP continues to gain strength.

XRP Bull Pennant Points Toward $2.40 Breakout

Supporting this thesis is the current XRP price structure. Analyst EGRAG CRYPTO identified a bull pennant pattern forming after a strong upward move, with support holding at $1.95. If the pattern plays out, price targets include $2.21 and $2.40. These levels align with historical trendlines and echo similar breakouts seen in previous cycles.

The bullish setup further reinforces the idea that XRP could benefit from an altcoin rotation—especially if Bitcoin dominance stabilizes or recedes. Combined with the reversal in the XRP/BTC pair, these signals suggest XRP may be entering a new phase of upward momentum.

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