Ripple’s XRP crosses back above $3 and nears its previous ATH record of $3.8.
Analysts expect the price of XRP to hit its next ATH target at $4.80.
XRP could go on to hit much higher targets in the peak phase of altseason.
The crypto market is flaring up. Ever since the price of BTC hit its latest ATH price in the $123,000 price range, the price of altcoins has been surging rapidly in prices as well. In detail, ETH surpassed the $3,000 price barrier and went on to hit $3,400 in a short time. Now, Ripple’s XRP crosses back above $3 and nears its previous ATH price at $3.8. Analysts expect the next ATH for XRP to arrive at $4.8 soon.
XRP Crosses Back Above $3
Despite the steadily falling Bitcoin Dominance signals, analysts still expect the price of BTC to hit a new ATH in the $130,000 price range. Meanwhile, ETH and altcoin dominance are slowly coming into play. With this shift, also comes a massive influx of funds moving into Ethereum (ETH). Presently, the price of ETH is nearing the $3,500 price range, and it won’t be long until the asset reclaims its previous ATH price.
Similar price action is expected from other popular altcoins as well. While new altcoins for the bull cycle like FET, ONDO, and DUI have already gone on to set new ATH prices this bull cycle, legacy altcoins are yet to reclaim their previous ATH prices, let alone set new ATH prices. With altseason’s peak phase yet to arrive, analysts expect that even new altcoins are yet to go on to set their cycle top prices this bull cycle.
One of the most bullish legacy altcoins this bull cycle is Ripple’s XRP. In detail, Ripple’s battle with the SEC, which finally came to a close this after 7 logn years, in favor of XRP and Ripple has made it a very bullish altcoins. Having missed the last bull cycle completely, and having had its surge stunted in the cycle before that, analysts believe the price of XRP has a lot to catch up on, and that this will come in the form of a highly bullish surge.
https://twitter.com/JavonTM1/status/1945552186970099787
So bullish are the expectations for Ripple’s XRP that several analysts have set a string of bullish ATH high targets for XRP to hit in the coming days. In detail, XRP is expected to hit new ATH targets that go from $4, $7, $27, and even greater. However, for the moment, analysts are just looking at what target could lie next for the price of XRP, and according to the reputed analyst in the post above, $4.80 is the next ATH target for XRP price.
Altseason Peak Phase at the Doorstep
https://twitter.com/el_crypto_prof/status/1945580986185478185
As expectations for altseason to arrive soon and trigger a spectacular altcoin price pump rally, one analyst sheds light on a previously made prediction. As the above post shows, the analyst expects another 6 weeks before the real bullish altseason phase begins. He encourages the crypto market to make the best of this phase, as he believes gains expected during this time will be unreal.
