The crypto ecosystem is in full swing. Bitcoin has just reached new historical records, while XRP and Cardano are starting to show technical signs of strength. Although both altcoins are far from their previous ATHs, recent BTC movements may act as catalysts.
Are we facing a generalized bullish wave or is there a pause before profit-taking?
Bitcoin (BTC) reaches new all-time highs
The BTCUSDT chart on a 4-hour period shows a clear ascending structure break, with a sequence of higher lows and highs.
After invalidating key resistances, the price consolidated a demand zone before advancing strongly toward the next liquidation zone, surpassing $117,000 with increasing volume.
This new momentum puts Bitcoin in price discovery territory, with traders assessing possible targets above $120,000. If the volume holds and demand responds during corrections, the projection of new records becomes increasingly likely in the short term.
The price of XRP marks a structural upward change
The daily chart of XRP shows a confirmed upward break (BOS) above $2.60, accompanied by a formation of higher lows. Despite the relatively low volume, the structural break suggests a developing trend change.
If this movement holds, XRP may head toward the supply zone located between $2.90 and $3.10, which previously acted as resistance. The current momentum could accelerate the movement if BTC continues to rise.
However, the lack of volume in the break and the proximity of resistances invite caution. A correction toward $2.40 or even $2.30 may offer an ideal support point before a new bullish leg.
Cardano (ADA) rises strongly
Cardano (ADA) has also convincingly broken its downtrend structure. On the 4-hour chart, the price invalidated supply zones and overcame descending resistances, with an explosive rally that took the price to $0.79. The removal of the previous supply suggests strong absorption by buyers.
In the bullish scenario, Fibonacci levels indicate targets between $0.80 and $0.87. If momentum and volume hold, ADA may follow BTC's path toward new yearly records.
However, after such a vertical movement, profit-taking is not ruled out. A technical correction toward $0.70 or $0.66 would be healthy, allowing institutional re-entry before a new expansion.
BTC's rally could significantly benefit XRP and ADA
With Bitcoin breaking records and no technical resistances ahead, the market seems to be entering a phase of euphoria. BTC's dominance may attract new capital to altcoins, especially those that already show signs of technical reversal like XRP and ADA.
However, if BTC can consolidate above $115,000, the rest of the market will likely follow. XRP and ADA, which have just broken significant downtrend structures, may be the first to react strongly. The rally is underway, but there is still much to confirm.
The article XRP and Cardano can rise with the Bitcoin surge? was first seen on BeInCrypto Brazil.
