Analyst States How Bitcoin Could Trigger XRP’s Rally to $27

Crypto enthusiast and developer Bird has published a tweet suggesting that Bitcoin dominance may be on the verge of a significant decline, a development he believes could trigger a broader altcoin rally, including a major upward move for XRP.

Accompanying his statement was a chart illustrating Bitcoin dominance on the four-hour timeframe, showing what he identifies as a wedge formation that has now broken to the downside.

In his post, Bird wrote, “GUYS, I THINK IT’S GONNA’ HAPPEN?” He stated that Bitcoin dominance “has broken below this wedge and back tested,” indicating that the technical structure he had been monitoring appears to have confirmed a breakdown.

According to the chart he shared, Bitcoin dominance had been compressing within converging trendlines for several months before recently moving beneath the lower boundary of the formation. The visual also highlights a projected downward path, with a marked target area significantly below current levels.

Bird argued that this development could precede what he described as “a huge collapse,” referring specifically to Bitcoin’s share of the total cryptocurrency market capitalization. He suggested that such a decline in dominance would create favorable conditions for altcoins to outperform. In his words, “The next move could be a huge collapse, starting Alt Season & XRP’s leg to $27.” He concluded the tweet by stating, “I AM BULLISH.”

Market Sentiment and Community Reactions

Bird’s analysis places considerable emphasis on current market sentiment. By stating that he sees this setup forming “whilst the sentiment is on the floor,” he implied that widespread pessimism may be aligning with a technical inflection point.

Historically, periods of low confidence have sometimes preceded strong recoveries in risk assets, and Bird appears to interpret the present condition in that context.

The tweet generated immediate reactions from members of the XRP community. A user identified as SlimandBuddy responded by calling for XRP to decouple from Bitcoin’s influence.

“WE MUST DECOUPLE FROM BITCOIN, BECAUSE IT’S THE SEA AND XRP IS JUST A BOAT RIGHT NOW,” the commenter wrote, adding that Bitcoin should not control the entire market. The user further stated that a move above $2 for XRP would restore bullish momentum.

Another user, Crypto Prachit, strongly agreed with Bird’s outlook. In response, he wrote that a break in Bitcoin dominance “could be HUGE for alts,” adding that XRP reaching $27 “sounds like a party.” He also suggested that low sentiment and shaken-out positions could create conditions for a substantial altcoin rally.

Bird’s projection centers on the idea that a confirmed breakdown in Bitcoin dominance would redirect capital into alternative digital assets. While the outcome remains uncertain, his analysis underscores the close attention many traders are paying to dominance metrics as a leading indicator for the general market rotation.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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