Can XRP and Cardano rise with Bitcoin's ascent?
The cryptocurrency sector is experiencing a noticeable boom. Bitcoin has reached its all-time highs, while both XRP and Cardano are showing signs of technical strength. Although the two altcoins are far from their previous highs, Bitcoin's recent movements could serve as a catalyst.
Are we facing a general bullish wave or is there a pause before profit-taking?
Bitcoin (BTC) reaches its all-time high
The BTCUSDT chart on the 4-hour timeframe shows a clear breakout of the bullish structure, with a series of higher lows and higher highs.
After invalidating major resistances, the price has strengthened the demand area before advancing strongly towards the next liquidation area, surpassing $117,000 with increased volume.
This new momentum places Bitcoin in a price discovery area, where traders are evaluating potential targets exceeding $120,000. If trading volume continues and demand responds during corrections, achieving new record levels in the short term is increasingly likely.
XRP's price indicates a structural shift towards the upside
The daily chart of XRP shows a confirmed bullish breakout (BOS) above $2.60, accompanied by an upward decline. Although trading volume is relatively low, the structural breakout indicates a change in trend.
If this movement continues, XRP may head towards the supply area between $2.90 and $3.10, which has previously acted as resistance. The current momentum could accelerate the movement if Bitcoin continues to rise.
However, the declining trading volume at the breakout and proximity to resistance points encourages caution. A correction towards $2.40 or even $2.30 could provide an ideal support point before a new bullish wave.
Cardano (ADA) is rising sharply
Cardano (ADA) has also broken its bearish structure strongly. On the 4-hour chart, the price has surpassed supply areas and broken through the bearish resistance, with a sharp rise pushing the price to $0.79. The removal of the previous supply indicates strong acquisition by buyers.
In a bullish scenario, Fibonacci levels indicate targets ranging from $0.80 to $0.87. If momentum and trading volume continue, ADA may follow BTC's path towards new yearly record levels.
However, after this vertical move, profit-taking cannot be ruled out. A technical correction towards $0.70 or $0.66 would be healthy, allowing institutions to return before a new expansion.
XRP and ADA may benefit significantly from the rise$BTC 
With Bitcoin smashing records and the absence of any technical resistance, the market seems to be entering a phase of euphoria. Bitcoin's dominance may attract new capital to altcoins, especially those already showing signs of technical retracement, like XRP and ADA.
However, if Bitcoin can stabilize above $115,000, it is likely that the rest of the market will follow suit. The two coins, $XRP and $ADA , which have recently broken large bearish structures, may be the first to react strongly. The rise continues, but there is still much to confirm.
The article was published: Can XRP and Cardano rise with Bitcoin's ascent? First on BeInCrypto Brazil.
