- Altcoin XRP shows promising pump indicators to next ATH prices.
- Ripple’s XRP remains one of the most bullish altcoins this bull cycle.
- Next XRP ATH targets sit at $8, $13, and $27.
Sentiments for altseason has been low as the price of BTC and ETH continue to move sideways at much lower prices. Currently, analysts believe BTC will sink to even lower lows and trade in 5-digit prices in the coming days ahead. Despite this, expectations for altcoins to surge remain tentatively strong. At the moment, altcoin XRP shows promising pump indicators to next ATH prices to $8, $13, and $27.
Altcoin XRP Shows Promising Pump Indicators to Next ATH Targets
The crypto market faced a harsh correction soon after Bitcoin hit its current ATH record in the $126,000 price range two weeks ago. Soon after this peak, when traders expected an even bigger rally, BTC’s price tumbled from $121,000 to $104,000 within just one hour, marking the largest single-day liquidation in crypto history. In one swift move, all leveraged positions and long trades were wiped out, along with $3 billion in short positions.
Overall, nearly $20 billion was liquidated from the crypto market in a single wave. Since then, analysts have been searching for signs of recovery, yet most indicators still point toward further bearish movement for Bitcoin (BTC). Altcoins, however, continue showing potential for strong recoveries and possible runs to new ATHs. While some argue that Bitcoin’s fall has canceled any hopes of an altseason, others remain confident.
Currently, most altcoins have yet to regain the price levels seen before the $20 billion liquidation. Analysts now expect these assets not only to recover but to break past previous highs in the coming weeks and months. Still, some warn of another downturn before the market rallies again, as several key support zones have now turned into resistance levels. As always the surge is expected to be led by ETH.
XRP Could Hit New ATHs at $8, $13, and $27
Presently, the price of ETH is trading between the $3,900 and $4,000 price range. With the current ‘Fear’ sentiment plaguing the market, whales are accumulating altcoins at much lower prices, before the unexpected altseason pump turn could arrive, and one such bullish altcoin expected to surge dramatically is Ripple’s XRP. At the moment, the price of XRP is trading at $2.46.
As we can see from the post above, the analyst says that even with the nasty wick shown in the image, these 6-month candles on the XRP price chart show no signs of a bearish trend flip. Thus, the analyst concludes that he expects continuation to $5 in the next impulse. Then $8 to $13 and finally the $27 1.618 target for this cycle’s blow-off top. Lastly, he states that the macro move is not over, but rather that this is just beginning.