Altcoin
Analyst Reveals How The XRP Price Will Hit New ATH Of $5
Crypto analyst Dark Defender has predicted that the XRP price could soon rally to a new all-time high (ATH) of $5. The analyst revealed a bullish pattern that had formed for XRP, which showed that the crypto could reach this price target and rally higher.
How The XRP Price Will Reach A New ATH Of $5
In an X post, crypto analyst Dark Defender predicted that the XRP price will reach a new ATH of $5. He remarked that after eliminating the $2.90 level, XRP could proceed to the critical Fibonacci level of $5.85.
The analyst also revealed that XRP’s Relative Strength Index (RSI) has the golden cross, which he claimed is bullish. He outlined the short-term targets for XRP, which include $2.90, $5.85, and $8.03. Dark Defender added that $2.44 and $2.33 are support levels for the crypto.
The analyst’s accompanying chart showed that XRP could hit this $5 price target sometime in March, after which it would rally to the $8 mark. Dark Defender had previously predicted that the crypto could hit $8 as long as it reclaims the $3 price level, which remains a crucial breakeven point.
Meanwhile, crypto analyst CasiTrades warned market participants to watch out for the $2.67 and $2.95 resistance levels, which are critical to XRP’s reaching a new ATH. Meanwhile, crypto analyst Mikybull Crypto noted that the crypto was bouncing off and asserted that $4 should be the next level, which would also mark a new ATH for XRP.
Another Bullish Formation For The Crypto
In an X post, crypto analyst Egrag Crypto highlighted another bullish XRP price pattern. He remarked that XRP is now eyeing the ascending triangle and added that a close above $2.75 could lead to a positive move.
According to Egrag Crypto, the target for XRP is $3.40. He asserted that closing above this level is key for a new ATH. Meanwhile, although he didn’t give much detail, the analyst also alluded to a familiar pattern that he claimed is emerging for XRP.
Egrag Crypto remarked that he is still analyzing this recurring pattern. However, he added that he is amazed at how it is unfolding with such “coherence and synergy to previous patterns.” It is worth mentioning that the analyst recently predicted that XRP could reach $110 in the next market cycle. For this cycle, he predicted that the crypto could top at around $13.
Ripple Whales Are Making Their Moves
Amid the projected surge for the XRP price, Ripple whales have been making their moves as they look to position for this price surge. Whale Alert data shows that a Whale recently moved 60 million XRP ($163.7 million) from an unknown wallet to another unknown wallet.
Meanwhile, as CoinGape reported, these whales also moved 430 million coins. Ripple was at the center of one of the transactions, as the firm transferred 300 million coins from its wallet to an unknown wallet.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
After a severe market downturn, the crypto space is finally showing signs of recovery, with altcoins outperforming Bitcoin. While Bitcoin’s dominance dips, analysts predict an incoming altcoin season, hailing it an “altseason.” Despite fluctuations, top altcoins like Ethereum (ETH), XRP, Solana (SOL), and Binance Coin (BNB) regain traction, marking significant gains.
Altcoin Season Alert: Signs of a Market Shift
As the crypto market gears up for a significant shift, analysts and experts hint at the potential arrival of an altseason, or an altcoin season. According to analyst Ted, the altcoin surge in 2024 was merely a warm-up for what’s to come. Adding to the point, he forecasts a record-breaking altseason in 2025 that is expected to make history.
Notably, in an X post, Ted highlights key drivers of the altseason. They include potential developments including multiple altcoin ETF approvals, Ethereum’s upgrade, Ethereum ETF’s staking feature etc.
Reinforcing Ted’s prediction, analyst CryptoGoos asserted that altcoins would explode, driven by a combination of factors. He explained his analysis through past patterns, in which altcoins saw major uptrends in 2017 and 2021, paving the way for a potential major altseason in 2025. In another X thread, CryptoGoos wrote, “Altcoins will pump.”
Similarly, emphasizing the historical trend of major altcoin seasons occurring in the month of February, analyst Shib Spain forecasted a recurrence. The analyst suggested that the current market conditions are ripe for a repeat of past altcoin rallies that have typically taken place during this time of year. Corroborating this idea, Max Brown also stated, “Altseason starts in February.”
Altcoin ETF Approvals Ahead
Asset managers have taken the initiative to launch multiple altcoin ETFs, pending regulatory approval. The proposed ETFs are set to track a diverse range of altcoins, including XRP, Solana, Litecoin, Dogecoin, and Cardano.
As the Securities and Exchange Commission (SEC) has recently acknowledged Grayscale’s 19b-4 filings to list XRP and Dogecoin ETFs, the odds are high for an altcoin ETF in 2025. According to Bloomberg analysts Eric Balchunas and James Seyffart, the Litecoin ETF has a 90% chance of receiving regulatory approval, making it the most likely to gain approval among the altcoin ETFs. Meanwhile, the Dogecoin, Solana, and XRP ETFs also have significant approval chances, with 75%, 70%, and 65% probabilities, respectively.
Notably, the Trump administration has a more favorable stance towards crypto ETF approvals, with a higher probability of approval compared to the previous government. This positive sentiment has sparked expectations of an altcoin season in the near future.
Upcoming Altcoin Season: What To Know More
Recently, the Ethereum blockchain released a roadmap for its Pectra upgrade. The activation is planned to occur on February 24 on the Holesky testnet, followed by March 5 on Sepolia, with a mainnet release targeted for April 8.
Meanwhile, the New York Stock Exchange (NYSE) has proposed to introduce staking in spot Ethereum ETFs on behalf of Grayscale, seeking approval from the SEC.
These developments have further fueled the hype surrounding an impending altcoin season, with Ethereum, as the leading altcoin, playing a pivotal role in driving these expectations.
Top Altcoins Stay Strong
Both historical trends and current market sentiment highlight the possibility of an upcoming altcoin season. Top altcoins show bullish signals ahead with the overall market gearing up for a significant resurgence.
As of press time, Ethereum is priced at $2,690, up by 2.06% in a week. Meanwhile, XRP has exhibited a massive growth of 12% over the last seven days. Despite Solana’s marginal decline, BNB surged by more than 5% over the past week.
Nynu V Jamal
Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Following a severe market crash, the crypto space is now ascending to new heights, reaching $3.25 trillion, up 0.89%. Despite a marginal daily decline, the Cardano price is reclaiming lost ground amid expectations of ADA ETF approval and Microsoft partnership.
Cardano Price Targets $20: What’s Behind the Bullish Prediction?
While the Cardano price is hovering below the significant $1 level, analysts and traders remain optimistic that the token could retest its previous all-time high of $3. Many believe that a breakout above $1 could push ADA to new highs, hitting $3 and beyond. However, analyst Sssebi has made an even more ambitious forecast, predicting a staggering 2,757% surge that would catapult Cardano to unprecedented levels.
In a recent X post, an ADA enthusiast known as Sssebi, shared their bullish prediction of Cardano hitting $20, citing four compelling reasons. One of the prominent factors pinpointed by Sssebi was the potential interaction between Cardano and Bitcoin. In a groundbreaking revelation at the October 2024 Cardano Summit in Dubai, Cardano was unveiled as Bitcoin’s upcoming DeFi layer, sending shockwaves to the Cardano community. Sssebi believes that the development could significantly impact ADA, pushing its price to $20.
Cardano ETF Speculations Spark ADA Rally
Another important reason highlighted by Sssebi was the potential approval of Grayscale’s Cardano ETF. In a recent development, Grayscale Investments filed for a Cardano ETF with the NYSE. As this filing came amid the increasing demand for Cardano, investors expect an ADA rally following the ETF approval.
While asset managers compete to launch altcoin ETFs tracking assets like XRP, ADA, LTC, and SOL, Grayscale’s initiative may inspire others to follow. If Grayscale launches its ADA ETF, it will enable investors to further diversify their portfolios by incorporating ADA.
In reaction to Grayscale’s move, the Cardano price surged by more than 14% to $0.8068, signaling a positive sentiment. The trading volume also rose by 11%, reflecting increased investor interest.
Microsoft Partnership and Hoskinson’s Crypto Advisory Role Fuel Optimism
Further, Sssebi underscored the significance of Cardano’s potential collaboration with Microsoft in ADA’s bullish rally. During a YouTube live on February 10, Cardano founder Charles Hoskinson revealed that the blockchain platform may enter into a strategic alliance with tech giant Microsoft. Although specifics were undisclosed, the community rejoiced, recognizing the far-reaching implications for both the blockchain and the broader cryptocurrency ecosystem.
Moreover, the analyst highlighted that Hoskinson’s crypto advisor role in the Trump administration could be another major catalyst for Cardano’s price rally toward $20. In November, Hoskinson confirmed his support of Trump’s crypto plans, in a bid to reshape the US crypto legislation.
Cardano’s Bullish Breakout: What’s Next for ADA Price?
Currently, the Cardano token is trading at $0.7949, down by 1.28% in a day. However, the Cardano price has experienced a surge of 13.46% over the past seven days despite a massive 26% monthly dip. The token’s trading volume has also seen a significant plummet of 21%, currently at $659.16 million.
In addition to Sssebi’s analysis, other analysts like TapTools also remain bullish about Cardano’s future trends. According to TapTools, the Cardano price is ready to retest its previous all-time high of $3, targeting a new ATH.
While forecasts suggest a bullish trend, the actual outcome remains uncertain. So, investors should proceed with caution before making any investment decisions regarding ADA.
Nynu V Jamal
Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Altcoin
Dogecoin Price Momentum Oscillator Just Had Its 3rd Crossover After 2017 And 2021, Here’s What Happened Last Time
Dogecoin is still yet to recoup its price decline from last week, which saw it breaking below $0.3. Nonetheless, a key technical signal has emerged on DOGE’s price chart that could send the meme coin on a bullish path for the rest of the year.
According to crypto analyst KrissPax, who highlighted this key technical signal on social media platform X, the Dogecoin Price Momentum Oscillator (PMO) suggests that the meme coin could be on the verge of another major price surge.
Dogecoin Price Momentum Crossover
Technical analysis of the Dogecoin price shows that the Price Momentum Oscillator (PMO), a tool used to measure trend shifts and momentum strength, has just recorded a crossover on the 2-week candlestick timeframe. A PMO crossover occurs when the PMO line crosses above or below its signal line, which is typically a moving average of the PMO.
When the PMO line crosses above the signal line, it suggests that momentum is shifting in favor of buyers. This phenomenon is particularly significant, as it has happened only twice in Dogecoin’s history, in 2017 and 2021. Interestingly, each crossover has led to an interesting price action.
Looking at past instances, Dogecoin’s PMO crossovers have preceded some of its most explosive rallies. The first of such PMO crossovers was in 2017 when the market was about to enter its first significant bull market. After the 2017 crossover, DOGE’s price surged by over 6,000% till it reached a peak of $0.0175. Similarly, the second crossover occurred just before Dogecoin’s historic rally in the 2021 bull market. Back then, the meme coin went on a 36,400% run to reach its current all-time high of $0.73 after the bullish crossover.
DOGE’s Next Move: Analyst Targets $4 Price Level
With history as a reference, KrissPax predicted that Dogecoin’s latest PMO crossover could lead to another significant breakout. Interestingly, the recent PMO crossover had already pushed Dogecoin to multi-year highs, but recent corrections have stalled the bullish momentum.
However, many crypto analysts agree that the Dogecoin rally is set to resume anytime from now. As such, Krisspax predicted that the four-year cycle of bullish PMO crossovers is still in play, and we could be looking at a big move up for DOGE. In terms of a price target, the analyst has set a price target of $4.
Achieving the $4 price target would represent an increase of about 4,110% from its 2024 low, which was recorded immediately before the current market cycle began.
At the time of writing, Dogecoin is trading at $0.2619, up 0.18% in the past 24 hours. Reaching the $4 price target would also represent a 1,427% increase from the current price point. However, the first step in achieving this $4 price target would be to break and hold above the $0.3 price level again. Successive short-term price resistance levels to note are $0.4 and finally $0.5.
Featured image from Pexels, chart from Tradingview.com
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