The calm before the storm!
BTC and XRP prices may soar with record increases!
A News
The price of Bitcoin tested its highest level in three weeks in the last 24 hours and managed to rise above $88,000 again. While the BTC price is rising, altcoins also recorded significant increases, and in the last day, the cryptocurrency market rose by over 3%, reaching $2.76 trillion. Optimistic predictions regarding BTC and XRP prices are strengthening as the market tries to break out of the consolidation phase that has lasted for weeks.
After the correction phase, it is anticipated that the downtrend in the market has been broken, and it has entered an expansion phase. However, market experts believe it is too early to say that the BTC price has started a sustainable rise. Market analysts currently think that the market is in a typical recovery phase after the correction.
Considering historical data, the peak of the 2025 bull market is expected to occur in September and October.
XRP price is preparing for a 70% increase!
One of the altcoins that gained momentum with the recent rise in the market is XRP. In the last day, the altcoin rose from the $2 region to $2.15, showing an increase of over 4%.
The Wyckoff model, known as the recovery model in a bull market, refers to the period when the upward trend is temporarily interrupted. An analyst stated that a similar model is forming on the daily chart and that it is a sign of an approaching upward trend.
In his latest analysis, he stated that after testing the $1.90 level, he expects an increase above $2 towards the $2.40 and $2.60 regions. While predicting a 30% increase in short-term price movements, he expects a move towards $3.5 with a 70% increase in a confirmed breakout in the long term.