- Ripple’s XRP completes 10-month flat zigzag combination.
- Analyst shares two possible bullish moves next.
- Could XRP surge to new ATH prices soon?
The crypto market continues to move in a cautious sideways movement as reputed analysts gather to observe and debate the possibilities of what is to come next for the crypto market. In detail, most analysts are torn between bullish and bearish expectations, some even arguing over whether altseson is still in play. So far, many altcoins are showing bullish indicators. Ripple’s XRP completes bullish 10-month flat zigzag combination.
XRP Completes Bullish 10-Month Flat Zigzag Combination
As the aftermath of the $20 billion liquidation event plays out, analysts are scrambling to predict what is to come next for the crypto market. This bull cycle has been a trying one for altocin traders in particular, as altcoin prices have barely pumped. With only a handful of altcoins hitting new ATH prices this bull cycle and ETH having set only 1 new ATH price this cycle, expectations are pretty grim.
Initially, the price of altcoins was expected to pump in Q1 following the Bitcoin Halving year, instead, Q1 of 2025 saw a brutal market correction. Now, in Q4, when altseason was finally supposed to occur, the market saw what is now set as a record: the highest single-day liquidation in all of crypto history. Sentiments for altseason to arrive are down once again, and traders are once again left unsure.
At the moment, analysts are left stumped because even before the bull cycle began, altcoins had been printing several bullish indicators across several price charts. All signs point to a glorious altcoin price pump in the near future. Yet, the bull market has been delayed over and over, truly testing traders’ patience. Currently, most altcoins continue to show strong signs of recovery and price pump, so will altseason arrive?
Analyst Shares Two Possible Moves Ahead
According to several analysts, there is one more pump that BTC will make before letting Bitcoin Dominance fall and paving the way for altcoin prices to pump. Thus, analysts continue to monitor promising altcoin prices and set tentatively bullish ATH price targets and hope to see altcoins hit these targets in the coming weeks and months ahead. One such bullish altcoin is Ripple’s XRP.
As we can see from the post above, this analyst marks how Ripple’s XRP has completed a bullish 10-month flat-zigzag combination pattern. He says two possible scenarios are likely to play out next. The first is that the correction is already done (or days from being done), forming a double-three. The second is that two more corrective waves are left, turning it into a triple-three. Given that the (W), (X), and (Y) waves lasted 4, 3, and 3 months, respectively, one more (X) and a final (Z), would mean about 6 more months of correction.
