- Seasoned trader declares the end of XRP consolidation phase.
- Momentum builds for Ripple’s XRP to hit $4.5 ATH target.
- Several altcoins show bullish indicators for parabolic pumps alongside XRP.
Expectations for altcoins to pump as the long-awaited altseason phase nears grow stronger, with more and more altcoins showing promising pump signals and nearing their previous ATH prices. A seasoned trader declares the end of XRP consolidation phase and marks momentum building for $4.5 XRP ATH target to be hit. Presently, the price of XRP is trading at $3, just a short pump away from its previous ATH price.
Seasoned Trader Declares the End of XRP Consolidation Phase
Several highly potential altcoins are arising and preparing for a parabolic pump this bull cycle. To highlight, a few altcoins like FET, ONDO, and SUI already set new ATH prices last year, while altcoins like SOL, BNB, and ETH went on to set new ATHs this year. This leaves most other altcoins on a slow and steady journey towards retaking their previous ATH prices, with an emphasis on legacy altcoins.
Most traders are keeping a close eye on legacy altcoins such as Cardano (ADA), an asset that is yet to see the success of its blockchain reflect in the price of its native token, and Ripple’s XRP and Stellar Lumen’s XLM, assets that were targetted due to lack of positive regulations in the USA, leading to both assets missing the previous bull cycle pump. These and other altcoins are set to skyrocket in price soon.
Momentum Builds for $4.5 ATH Target
According to CoinMarketCap analytics, the price of XRP is trading in the $3.02 price range, signaling a 1.7% surge over the last 24 hours. This means the price of XRP is just a short pump of under 22% from reclaiming its previous ATH price of $3.84, set 8 years ago. The altcoin is boasting a total market cap of $180,161,938,530.17 and a 24-hour trading volume of $4,435,691,906.11.
According to the analyst in the post above, the consolidation period for XRP seems to be coming to a close. The trader states that XRP is heating up as it has broken out of its months-long consolidation, and confirmed the breakout is occurring with the $3 test now in play. Looking at the daily timeframe, XRP price has been battling this level the last few days by tapping resistance, rejecting slightly, and now pressing for a decisive move higher.
She concludes by saying that momentum is no doubt returning to the market, with the RSI building a steady bullish slope, and its moving average holding as support along the trendline. These, she states, are clear signs that strength is quietly building. Once XRP clears $3.00, it will reclaim $3.08 and $3.27 before moving towards its next ATH target set in the $4.5 price zone.
