Bitcoin Dominance Breakdown Could Trigger XRP Rally to $27 🔥🔥🚀🚀💥💥
Cryptocurrency enthusiast and developer Bird foresees a steep downturn in the value of Bitcoin dominance breaking down the altcoin rally, among which he include XRP. Bird posted a chart indicating Bitcoin dominance falling out of a wedge pattern, thus suggesting a potential dramatic drop in Bitcoin's market share.
Highlights:
Bitcoin Dominance Breakdown: Bird thinks this event could set in motion Alt Season and take XRP to $27Market Sentiment: Bird finds this pattern coming up while the sentiment is low which historically precedes strong recoveriesCommunity Reactions: Members of XRP community concur, urging XRP to break free from the influence of BitcoinThe result is unknown but analytical work of Bird centers around the significance of Bitcoin dominance data to anticipate market rotation.
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