XRP's Weekly Close Could Signal End of Bitcoin Dominance: Analyst

An analyst named Patrick L. Riley has posted a long-term weekly chart of XRP's price history, highlighting a potential shift in the market structure.

Riley noted that if XRP closes next week in the green, it could be looking at the next Bull Run and the end of Bitcoin's dominance, as described by him as 'a whole new market.'

The chart shows several converging trendlines, including a descending trendline from 2018 and an ascending channel in blue.

XRP broke above the upper boundary of the descending trendline in late 2024 after rallying over 500%, hitting an all-time high of $3.65 and pulling back to around $1.52 currently.