Currently, the market is showing all the signs of an altcoin cycle.
From the technical standpoint, while Bitcoin [BTC] dominance has trended higher for three straight weeks, recently breaking above the 59% level, Ethereum [ETH] dominance is now taking the lead, pushing the ETH/BTC ratio up more than 10% over the same window. This suggests that capital is rotating across the market rather than remaining solely “Bitcoin-led.”
Ripple is no exception. As AMBCrypto flagged, FOMO around XRP and ETH has climbed to a five-week high, while Bitcoin sentiment remains neutral. More importantly, 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.
In essence, FOMO around XRP is building faster than the broader market.
The timing is important. As the chart above shows, the XRP/BTC ratio has recently broken below the key 0.00002 support level, a level that sparked a strong breakout during the Q3 2025 cycle. Since then, the ratio has printed more than four straight lower lows, showing that XRP has continued to underperform Bitcoin.
Now, with sentiment turning bullish again, the question is whether this growing momentum can help XRP reclaim strength against Bitcoin, especially with FOMO building. But the bigger question is whether that FOMO is actually showing up on-chain because, as a Layer 1 network, Ripple’s [XRP] strength ultimately depends on real network activity and capital flows, not just market sentiment.
XRP/BTC consolidates as on-chain momentum builds
A 10-week consolidation usually sets the stage for a strong move in either direction.
With FOMO continuing to build, the bias is starting to lean bullish. The XRP/BTC ratio has now spent nearly 10 weeks consolidating around the 0.000015 level, a sign that longer-term accumulation may be taking place rather than short-term capital rotation. If that structure holds, a breakout above resistance could mark the start of a fresh leg higher for Ripple against BTC.
From the on-chain perspective, the setup already reinforces this view. According to DeFiLlama data, XRPL’s DeFi activity is rebounding, with TVL up more than 3% over 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.
To put this into perspective, more than $2 billion in stablecoins have flowed out of the Ethereum network over the same period, highlighting a shift in liquidity toward alternative Layer-1 ecosystems like XRPL.
Against this backdrop, the growing FOMO around Ripple doesn’t look like a fluke. Instead, liquidity is gradually rotating into XRPL, supporting the network’s underlying strength. If this trend continues, the XRP/BTC ratio could be setting up for more than just a short-term rally.
Instead, it could be the early stages of a broader breakout.
Final Summary
- XRP FOMO is rising, while the XRP/BTC ratio continues to consolidate, increasing the chances of a breakout.
- Strong XRPL on-chain activity and growing stablecoin flows suggest the rally is being supported by real network growth, not just market hype.