With Bitcoin dominance, a measure of Bitcoin (BTC) market dominance in the overall cryptocurrency market, extending a months-long decline, analysis has emerged that XRP and other altcoins could surge if the measure falls further.

According to blockchain outlet The Crypto Basic on Feb. 10 (local time), Bitcoin dominance fell to 59.3 percent from 65.2 percent in July 2025. That is a decline of about 9 percent over about 7 months. Over the same period, altcoin market capitalisation fell 17.7 percent to $946 billion from $1.15 trillion, but Bitcoin market capitalisation plunged 35 percent to $1.38 trillion from $2.13 trillion. Bitcoin logged a relatively bigger drop, lowering its market share.

Cryptoinsightuk, a well-known chart analyst, said in a recent analysis that “Bitcoin dominance has historically entered a very tight range on the Bollinger Bands.” That is a signal that volatility could expand, suggesting the possibility of a big move either higher or lower.

The analyst focused in particular on the possibility of a downside break. Looking at past cases, XRP showed a strong upward trend when Bitcoin dominance fell sharply, the analyst said. In late 2024, when Bitcoin dominance fell about 11 percent to 54.56 percent from 61.53 percent, XRP surged about 490 percent to as high as $2.9.

Cryptoinsightuk said that if Bitcoin dominance falls sharply again, XRP could “rip,” drawing investors’ attention. The analyst emphasised that “every time Bitcoin dominance has fallen, XRP has reacted strongly.”

Still, there is no guarantee that a Bollinger Band squeeze will lead to a decline. As volatility expansion can unfold in either direction, some also point out that confirming the market’s direction is important.

Market participants are focusing their attention on the trajectory of Bitcoin dominance, as it could become a watershed for the next altcoin season.