Ripple's XRP Shows Signs of Breakout as On-Chain Momentum Builds

The cryptocurrency market is showing signs of an altcoin cycle, with Ethereum dominance taking the lead over Bitcoin. Ripple's XRP is no exception, as FOMO around it and ETH has reached a five-week high, while Bitcoin sentiment remains neutral.

XRP is leading ETH in bullish sentiment, recording 3.02 bullish comments for every 1 bearish comment compared with ETH's 2.31-to-1 ratio. The XRP/BTC ratio has recently broken below the key 0.00002 support level and printed more than four straight lower lows.

However, with sentiment turning bullish again, the question is whether this growing momentum can help XRP reclaim strength against Bitcoin. On-chain momentum is building, with XRPL's DeFi activity rebounding and TVL up over 3% in the last 24 hours.

The move has been backed by a 6%+ jump increase in stablecoin supply, pushing nearly $1 billion back into the network. This suggests that liquidity is gradually rotating into XRPL, supporting the network's underlying strength.