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Although Bitcoin has recently retreated from its all-time high of $108,000, XRP continues to deliver gains to investors.
Analysts suggest that the divergent performance of these two digital assets could be an early sign that the so-called “altseason” is beginning.
This phenomenon is part of the cryptocurrency market‘s bullish cycle, typically characterized by a surge in the prices of altcoins following a significant price increase in Bitcoin.
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According to data from CoinMarketCap, XRP has gained 54.7% over the past 30 days, propelling its market capitalization to the fourth position among the most valuable digital assets. During this same period, Bitcoin’s price has remained relatively stable at approximately $98,075.
We’re pleased to announce that @Ripple’s regulated stablecoin #RLUSD is now available on #Bullish.
Starting today, eligible regions can trade the following markets:$RLUSD/USDC
$BTC/RLUSD
$XRP/RLUSD
$ETH/RLUSD
$USD/RLUSD
$EUR/RLUSD
$SOL/RLUSD
— Bullish (@Bullish) December 24, 2024
$RLUSD/USDC
$XRP/RLUSD
$USD/RLUSD
$SOL/RLUSDA significant driver of these gains is the launch of RLUSD, Ripple’s new stablecoin, which is already listed on major cryptocurrency exchanges. On Christmas Eve, the platform announced that multiple trading pairs were now available on Bullish, including BTC/RLUSD and ETH/RLUSD.
These announcements follow similar moves by other exchanges such as CoinMENA, Bitso, and Uphold.
History Repeats Itself? Altseason Typically Begins After Major BTC Drawdowns
One analyst on X, known as Mister Crypto, shared an interesting chart highlighting historical parallels in Bitcoin’s post-halving dominance. While history may not repeat itself exactly, it often rhymes, according to the chart.
The real altseason starts in 2025.
Be prepared. pic.twitter.com/HUzseqbcfE— Mister Crypto (@misterrcrypto) December 21, 2024
BTC dominance has historically declined significantly shortly after the network experiences a halving, as seen in both 2016 and 2020.
In 2020, dominance jumped from 66% to 71% just seven months after the halving. However, it progressively collapsed until reaching a low of 40% approximately twelve months later.
Meanwhile, BTC dominance has been steadily increasing to a peak of 60% in October—six months after the halving—and has started to decline since then. If a similar pattern unfolds during this cycle, the altcoin sector could witness phenomenal performance over the next 12 months.
XRP is well-positioned to benefit from an altcoin supercycle, as Ripple is based in the United States—an increasingly pro-crypto jurisdiction since Donald Trump took office, with dozens of supportive lawmakers pushing for favorable legislative changes.
A closer look at the XRP chart shows that the $1.95 horizontal support level is the most critical area to watch moving forward. A drop below this threshold could signal that altseason has not yet begun.
However, a break above the $3 area could indicate that XRP bulls are ready to push the asset to new heights.
The confluence of several tailwinds, including the launch of RLUSD, Donald Trump’s pro-crypto stance, and changes within the United States Securities and Exchange Commission (SEC), are all working in favor of a new era for altcoins.
Presale Tokens Like This Could 10X During an Altcoin Supercycle
The Flockerz presale has recently attracted significant investor attention, reflected by its remarkable $7.8 million capital raise in just a few days.
This token introduces a novel model called “vote-to-earn” (V2E), which hands over governance decisions entirely to the project’s community and incentivizes holders to participate in decision-making through monetary crypto rewards.
The token is currently available at a discounted price of $0.00653, but the presale event will soon conclude.
Big Announcement for The Flock
In just 30 days the Flockerz presale will end. This is your last chance to get in on the ground floor, to grab your share of the presale head on over to: https://t.co/HKN509Un5J
It’s time to join The Flock!pic.twitter.com/OWkEzSXu3u
— Flockerz (@FlockerzToken) December 23, 2024
Big Announcement for The Flock 
Such opportunities are rare in a market where most investors only get the chance to buy promising digital assets once they have launched on centralized exchanges (CEXs).
Similar to how other trends propelled the value of pioneer tokens like Dogecoin (DOGE) for meme coins and Uniswap (UNI) for decentralized finance (DeFi), $FLOCK is launching a nascent movement called V2E.
No other blockchain has rewarded holders for participating in its governance decisions, which makes $FLOCK unique.
To purchase $FLOCK while the presale is still active, simply visit the official Flockerz website and connect your wallet to convert USDT or ETH.
It is also possible to buy the token with a bank card if you do not currently own any cryptocurrency.
The presale ends in just a few days, so do not wait any longer to buy your share before the price rises.
The post XRP Price Rises as Bitcoin Hits $98K – Altseason Starting? appeared first on Cryptonews.
