XRP's Bullish Breakout Signals Shift in Crypto Power Dynamics

Bitcoin and Ethereum experienced mixed performance, with Bitcoin surging and Ethereum trading flat in a 24-hour period. XRP saw notable gains, rising over 2.8% alongside other altcoins such as Dogecoin and Solana. The broader cryptocurrency market, valued at $3.87 trillion, rose by 1.09% within the same timeframe. Bitcoin’s 24-hour trading volume increased by 58%, reaching $40 billion, reflecting heightened market activity. The coin’s dominance dipped slightly to 57.5%, while Ethereum maintained a market share of just over 13% [1].

Ethereum's 24-hour trading volume jumped by 76%, but the coin failed to sustain its intraday high of $4,381.28, retreating slightly in the following hours. Analysts are watching for signs of a potential reversal in Ethereum’s price trend before a larger rally in the fourth quarter. Ted Pillows, a cryptocurrency market observer, noted that a 25%-30% correction in Ethereum’s price could push its value to around $3,500–$3,700, aligning with its historical bull market support range [1].

Meanwhile, XRP, the third-largest cryptocurrency by market capitalization, outperformed Bitcoin by nearly 300% since Donald Trump’s election victory in November 2024. On the XRP/BTC chart, a classic inverse head-and-shoulders pattern has emerged, suggesting a potential 100% gain if the pair breaks above the neckline resistance near 3,145 satoshi. A golden cross on the weekly chart, where the 50-week exponential moving average crossed above the 200-week EMA, has further reinforced bullish momentum [2]. Ripple’s partial settlement with the SEC in early 2025 has also alleviated regulatory concerns, increasing optimism about XRP's potential for a breakout in this bull cycle.

The altcoin market appears to be gaining traction, with Bitcoin’s dominance declining to its lowest level since January, signaling early signs of capital rotation. Analysts suggest that a full-scale altcoin season may be emerging, particularly with over 75% of the top 50 altcoins outperforming Bitcoin in recent months. This shift could benefit XRP and other alternative cryptocurrencies, especially if more U.S. cryptocurrency ETFs are approved in the coming months [2].

Bitcoin's open interest increased by 2.48% in 24 hours, and more than 60% of Binance’s top traders held long positions in BTC. Over $330 million in liquidations occurred in the cryptocurrency market during the same period, with bearish shorts accounting for $209 million of that total. Despite the positive movements in Bitcoin and XRP, the overall market sentiment remains neutral according to the Crypto Fear & Greed Index [1].

Source: [1] Bitcoin, Dogecoin, XRP Gain; Ethereum Trades Flat ... (https://www.benzinga.com/crypto/cryptocurrency/25/09/47562016/bitcoin-dogecoin-xrp-gain-ethereum-trades-flat-analyst-predicts-eth-reversal-before-q4-parabolic-rally) [2] Can XRP keep outperforming Bitcoin this bull cycle? (https://cointelegraph.com/news/can-xrp-keep-outperforming-bitcoin-this-bull-cycle)