Altcoins on the prowl and altseason peak is on the horizon.
Silver-tongued analyst says Ripple just made a bullish move.
He expect XRP price to hit its next ATH target soon.
Expectations for altseason peak to arrive soon are second only to the expectations for Bitcoin (BTC) to set a new ATH in the coming days ahead. With several altcoins on the prowl, all showing bullish price pump indicators, Ripple’s XRP shows bullish signals as altseason peak phase approaches. One analyst even goes on to state that the coming altseason will probably be one of the most important ones in history.
Altcoins on the Prowl, Altseason Peak Ahead
Expectations for altseason to start and bring with it the bullish peak phase have been growing steadily stronger since Bitcoin made its recovery at the start of Q2. Initially, Q1 was expected to have ushered in this ongoing bull cycle’s altseason peak phase. However, due to Bitcoin’s irregular pump this bull cycle, where it set a new ATH before the Bitcoin Halving event, altseason’s peak phase was delayed.
Often, Q1 following a Bitcoin Halving year is when the prices of altcoins are expected to begin their pump and usher in the peak altseason phase. Since Bitcoin began its earlier pump this bull cycle, the price of BTC instead went into a prolonged correction phase in Q1, resulting in a delayed altseason phase. Now, analysts expect the latter half of the year to usher in altseason, once ETH price begins to pump.
https://twitter.com/el_crypto_prof/status/1940455243487285366
Many analysts have made it clear that altseason’s peak phase will not arrive unless the price of ETH pumps and sets new ATHs of its own. While ETH and altcoins have all been showing highly bullish indicators, their pump has yet to really begin. As we can see from the post above, this analyst marks the upcoming altseason as an altseason that could be the most important altseason in crypto history.
Altcoin XRP Shows Promising Pump Indicator
The analyst then shares an interesting chart along with the post and highlights what he calls the black resistance line, which has been touched again after more than 4 years. He says that each time this pattern played out, whether in 2019, 2020, or 2021, a strong rally for altcoins started soon after. This could indeed be one of the most bullish indicators highlighting altseason’s arrival.
https://twitter.com/DrProfitCrypto/status/1940521729832767512
As we can see from the post above, reputed analyst Doctor Profit, known for his many accurate predictions, sheds light on a bullish move from Ripple’s XRP. Specifically, he talks about how Ripple just applied for a Banking License in the USA this week. He says that this adds to the bullish price pump expectation for XRP price where he mentioned XRP to hit its next ATH targets of $4.8 and $8 soon.
