- Ripple’s XRP breaks above resistance as it did in 2017.
- The altcoin is now moving towards hitting new ATH prices.
- This could take the price of XRP to bullish targets between $5 and $15.
With the crypto bull market reaching the end of Q3 and approaching the final quarter of the year, analysts grow anxious and eager to see the crypto market usher in the altseason phase of the ongoing bull cycle before it comes to a close. Presently, several altcoins are printing highly bullish indicators on their respective price charts, such as Ripple’s XRP breaks above resistance as it did in 2017, leading to $5 – $15 ATH price expectations.
Ripple’s XRP Breaks Above Resistance as it Did in 2017
With the final quarter of Q4 about to begin, expectations for altcoins to hit new ATH prices in what could finally be the onset of the ongoing bull cycle’s long-awaited altseason grow stronger than ever before. At the moment, the prices of several promising altcoins are showing strong signals and printing several bullish indicators on their respective price charts, hinting at what could be one of the most bullish altseason yet.
So far, altcoins have not been able to pump due to several factors, starting with the fact that Bitcoin (BTC) went on to set a new ATH price before the Bitcoin Halving event. This led to an early pump and a huge correction that followed it in what should have been the time when altcoin prices were expected to flourish. Thus, with altseason delayed, altcoins patiently waited for ETH to set its first ATH for the ongoing bull cycle.
Last month, the price of ETH finally went on to set its first ATH this bull cycle in the $4,900 price range, just above the $4,800 price range where the price of ETH had set its previous ATH 4 years ago. When the price of ETH finally entered price discovery, analysts hoped to see ETH break past the $5,000 price range and claim higher highs, instead, the crypto market faced another correction.
XRP $5 and $15 ATH Targets in Sight
Presently, the crypto community is waiting for this correction state to conclude and see Bitcoin and altcoins move towards higher ATH prices. However, at the moment, the community is unsure which way the market will swing, bullish or bearish. Despite the varying points of view, the majority is leaning towards one more ATH for BTC and a spectacular altseason pump with altcoins hitting a string of new ATHs, starting with ETH.
As we can see from the post above, this reputed crypto analyst believes that Ripple’s XRP is preparing to make an exceptional and parabolic price pump to hit new ATH prices in the coming days ahead. In detail, the analysts stated that the altcoin XRP has flipped green on the quarterly chart for the first time since 2017. The post also mentions that XRP has already broken above the resistance, as it did in 2017, hinting at a major price rally once again.
