Crypto analysts Amonyx and Egrag Crypto have provided a bullish outlook for the XRP price with “something big” on the horizon. Based on their analysis, the long-awaited price breakout for XRP could soon happen. 

Something Big Is Coming For XRP Price

Crypto analyst Amonyx stated in an X post that something big is coming for the XRP price. His accompanying chart showed that the crypto could enjoy a massive rally to $75. The analyst made this prediction based on XRP replicating a similar run that it enjoyed in the 2017 bull run when its price surged by over 61,000%. 

Related Reading

The chart showed that XRP consolidated for a year before it broke out and enjoyed that unprecedented rally. In line with this, the analyst highlighted how XRP has been consolidating since then, suggesting another price breakout is imminent. 

Amonyx has recently been more bullish on the XRP price. Before now, he predicted that the crypto would reach between $50 and $57 at the peak of this bull run. However, his recent prediction offers a more bullish outlook for XRP. Interestingly, he also recently predicted that the crypto could enjoy a “giga pump” to $400. 

These bullish XRP predictions are believed to be partly because of the recent applications by Bitwise and Canary Capital to offer an XRP ETF. These funds could contribute to a significant rally for XRP since they will attract more institutional investors into the coin’s ecosystem. Therefore, these XRP ETFs will positively impact the XRP price just like the Spot Bitcoin ETFs did for the Bitcoin price. 

Meanwhile, in the short term, Amonyx also expects that the XRP price could enjoy a significant rally. In a recent X post, he shared an XRP/Bitcoin chart and told XRP holders that a God candle was coming soon. 

XRP’s Breakout Target To Keep An Eye On

Crypto analyst Egrag Crypto highlighted $0.61 and $0.62 as the breakout targets to keep an eye on. He noted that the breakout point is getting lower and added that the XRP has a maximum of 70 days left before it reaches the final pinnacle of the breakout point. 

Related Reading

Egrag Crypto further remarked that he is convinced that the price breakout could happen sooner than expected, within the next 15 to 30 days. According to him, the pressure is building and won’t stay contained for much longer. Indeed, XRP’s consolidation dates way back to the 2021 bull run when it failed to reach a new all-time high (ATH).

The $0.60 price level has also proven to be strong resistance for the coin, as it has retested and failed to break above it multiple times since Judge Analisa Torres delivered her final judgment in the Ripple SEC lawsuit in August. 

At the time of writing, the XRP price is trading at around $0.55, up over 3% in the last 24 hours, according to data from CoinMarketCap. 

Featured image created with Dall.E, chart from Tradingview.com

Injective (INJ) briefly surged to a 16-day high of $23.09 on Thursday, following its listing on South Korea’s leading crypto exchange, Upbit. Since then, the price has corrected by 7% and is now trading at $21.28.

Despite the pullback, bullish sentiment around this Layer-1 (L1) coin remains strong. INJ is positioned to retest this recent high and potentially rally beyond it. This analysis delves into what investors can expect as momentum builds.

Injective Has Upbit To Thank

In a Thursday announcement, Upbit revealed that it will support INJ trading on its platform across both Korean Won (KRW) and USDT markets. This immediately prompted a surge in the coin’s trading activity, pushing its price to $23.09, its highest since the beginning of October. 

Although the uptick was brief, and INJ now trades at $21.28, INJ’s technical setup suggests that it may reinitiate the uptrend, reclaim this high, and even surpass it. Readings from its moving average convergence/divergence (MACD) confirm this bullish outlook. 

As of this writing, the coin’s MACD line (blue) is positioned above both the signal line (orange) and the zero line. The MACD indicator, which tracks price trends and momentum, helps identify potential buy or sell signals.

Read more: How Will Artificial Intelligence (AI) Transform Crypto?

This setup indicates a strong bullish trend, suggesting that momentum is positive and the asset is in an uptrend, with the short-term average notably higher than the long-term average.

Further, INJ’s open interest has spiked by 19% over the past 24 hours, reflecting the uptick in its market activity. As of this writing, this stands at $95.17 million. 

An asset’s open interest represents the total number of outstanding derivative contracts that remain unsettled or open. In INJ’s case, the rising open interest accompanying its price surge suggests that new capital is entering the market, with traders actively taking positions. This is a sign of a strengthening bullish trend.

INJ Price Prediction: Why the Bulls Are Needed

The $22.01 level serves as a key resistance for INJ, with the coin currently trading at $21.28, just below this mark. If bullish momentum persists, breaking above this resistance could trigger a 54% rally, potentially pushing the price to $33.38 — a level last seen in June.

Read more: 7 Must-Have Cryptocurrencies for Your Portfolio Before the Next Bull Run

On the other hand, if profit-taking intensifies, INJ could fall to $15.79. Failure to hold this support may result in a further decline, with the price possibly dropping to $13.50.

The Aptos (APT) price has surged by 24% over the last seven days, raising questions about whether this uptrend can be sustained. While recent gains have been impressive, the technical indicators are starting to show mixed signals.

Whether APT can push higher or face a correction will depend on how these trends unfold in the coming days.

APT RSI Is Far From Overbought

Aptos (APT) RSI is currently at 53.75, dropping from 76 just four days ago. This decline suggests a reduction in buying pressure compared to recent peaks, signaling a potential cooling period in market activity. However, the current RSI level still shows a neutral to mildly bullish outlook.

RSI, or Relative Strength Index, is a momentum indicator that measures the speed and change of price movements. It ranges from 0 to 100, with values above 70 indicating overbought conditions and below 30 suggesting oversold conditions. An RSI around 50 reflects a balanced state, where buying and selling pressures are nearly equal.

Read more: Aptos (APT) Price Prediction 2024/2025/2030

APT’s RSI at 53.75 points to a market that is not yet overextended despite recent gains, which saw APT price rise by 24% in just one week. This level suggests that the uptrend may still have room to grow as the RSI remains below the overbought threshold of 70.

If bullish momentum resumes, APT’s price could continue climbing, potentially pushing the RSI higher without immediately risking a reversal. This positioning allows for further growth before reaching a level that typically signals caution.

Ichimoku Cloud Shows Aptos Surge Could Be Over For Now

The Ichimoku Cloud chart for Aptos suggests a generally bullish trend, as indicated by price levels currently trading above the green cloud (kumo). This configuration implies that market sentiment is positive and buyers are in control. The cloud acts as a support zone, and with prices above it, APT is demonstrating resilience and strength in its recent price action.

Additionally, the leading span A (green) is above leading span B (red), which reinforces the bullish sentiment and points to potential support in the event of any short-term price dips.

The Tenkan-sen (blue line) and Kijun-sen (red line) are also showing mixed signals. While the Tenkan-sen remains slightly above the Kijun-sen, indicating that the momentum is still bullish, their recent convergence suggests a loss of momentum. If the Tenkan-sen crosses below the Kijun-sen, it could signal a potential trend reversal or at least a weakening of the current uptrend.

Additionally, the green Chikou span (lagging line) is above the price, which supports a continued bullish outlook, but traders should watch for any changes that could signal a pullback. Overall, the Ichimoku chart signals that APT remains in a bullish position, but the narrowing gap between key lines indicates that momentum could be wavering.

APT Price Prediction: The Coin Can Surge 76% If This Happens

APT EMA lines are currently bullish, with short-term lines positioned above long-term ones. However, the distance between these lines has significantly narrowed, indicating that bullish momentum might be weakening. When the gap between short-term and long-term EMAs shrinks, it often signals that the trend could be losing strength and might soon reverse.

EMA lines, or Exponential Moving Averages, help identify the direction and momentum of price trends by giving more weight to recent data points. In APT’s case, the current EMA setup reflects an ongoing uptrend, but the diminishing separation suggests that the market’s strength may be faltering.

Read more: 5 Best Aptos (APT) Wallets in 2024

If the current uptrend holds, APT could surge to $14.42, and breaking that resistance might propel the price to $17.89 — its highest level since April 1. Such a move would represent a 76% gain for APT price, showing the bullish potential if momentum remains strong.

However, as indicated by both the Ichimoku Cloud and EMA lines, the uptrend could be getting weaker. If the trend reverses, APT price might test support levels at $8.45 or even fall to $7.86.