CryptoInsightUK believes that the long-awaited altcoin season has finally begun—and XRP could be the center of attention. In a 13-minute market update posted on July 21, the British analyst argued that last week's severe crash of Bitcoin "erased 19 weeks of Bitcoin growth in just one candle," a move he called the first clear signal indicating the ongoing shift to altcoins.

"Trading volume speaks for itself," he said, pointing to the large red bar accompanying the decline in dominance. He noted that this pattern reflects the setup of December 2020, just before the last altcoin explosion cycle. If dominance continues to decline at this rate, it could slip to the 39% range within seven weeks—creating conditions for altcoins to outperform.

XRP Could Increase 500% Against Bitcoin

This macro context is crucial because, at the same time, XRP has just reached its highest weekly closing level in history. CryptoInsightUK highlighted the "accumulation then breakout" structure on the XRP/USD chart, similar to the descending staircase pattern of Bitcoin—dominance trend. "In my opinion, this is a continuation," he said, adding that XRP breaking through the all-time high of 2017-2018 could open up a series of higher peaks.

Liquidity data reinforces this argument. The heat map from TradingDifferent shows that "liquidity has increased significantly... now at around $4.26," the analyst noted. He predicts XRP will "attack" that magnet "possibly this week" and believes the surge to $4.50 is "imminent" if Bitcoin breaks through nearby resistance.

However, the bolder call is measured in satoshis. With XRP/BTC sitting just below the crucial final resistance, CryptoInsightUK sees potential for a price increase "at least another 200% - even up to 500% - against Bitcoin" once this pair breaks through that threshold. He argues that such a move would push XRP's market share up to around 14-20%, increasing from the current level of about 2%, and could coincide with Bitcoin heading towards the $135,000-$150,000 range. "Things will get lively very quickly," he warns, urging followers to prepare their profit-taking plans in advance.

Although the video focuses on XRP, the analyst recently revealed that he closed out his significant position in Ethena (ENA) after a 100% increase in two weeks, citing excessive exposure and an extreme daily RSI as reasons. He stated that this sale raised his cash reserves from 2% to around 5%, giving him "the opportunity to hold XRP longer."

CryptoInsightUK acknowledges that timing the peak of any cycle is very difficult. "No one captures the cycle," he admits, while promising to reveal his own exit strategy in real-time as price action indicates it makes sense. For traders who do not "live by the charts," he recommends a disciplined profit-taking plan rather than aiming for absolute tops.

Currently, the spotlight remains on two charts: Bitcoin dominance and XRP/BTC. A decisive breakout on the former chart and a clear breakout on the latter, according to the analyst, would "trigger the altcoin season" and confirm a 500% bullish scenario. Whether that fireworks display starts this week or takes a bit longer, he asserts, "there's no reason we can't do the same"—sketching out a nearly vertical bullish curve.