- Whales scoop 900 million in 48 hours.
- XRP price sets eyes on $3.6 as next pump target.
- Expectations for the bullish altseason phase to begin surges.
With the price of Ethereum (ETH) trading high above the $4,000 price range, the prices of altcoins are showing promising indicators for significant pumps ahead. This further fuels the highly anticipated arrival of the ongoing bull cycle’s altseason soon. One of the most bullish altcoins this bull cycle is Ripple’s XRP, and analysts are hoping to see this altcoin set a new ATH this bull cycle.
Whales Scoop 900 Million XRP in 48 Hours
As Bitcoin slowly inches towards hitting new ATH targets, BTC Dominance continues its decline, leading to higher expectations for Ethereum and altcoin prices to take the lead. Over the last few days, the price of ETH surged significantly to surpass $4,000 and $4,100 resistance levels to go on to break past both the $4,200 and $4,300 price targets. Analysts expect ETH to surge higher until it can reclaim its previous ATH price set 4 years ago.
This sentiment extends to the rest of the altcoin market as well. Ever since the bull cycle began, the price of only a few new altcoins like FET, SUI, and ONDO went on to set new ATH records, while legacy altcoins like ETH, ADA, XRP, SHIB, VET, DOGE, and more have yet to reclaim their previous ATH prices, let alone set new ATHs. Thus, with ETH now inching towards its previous ATH price, most altcoins are expected to do the same as well.
XRP Price Sets Eyes on $3.6 as Next Pump Target
Presently, analysts are keeping a lookout for what altcoins could yield the most promising results in the coming days ahead. Which altcoin will deliver the greater surge this bull cycle? High on the list at the moment are Cardano’s ADA and Ripple’s XRP, both assets have experienced a tremendous amount of wins, partnerships, or blockchain upgrades since the last bull cycle, and are expected to see a significant price surge.
While Cardano has been recognized as the only truly decentralized ecosystem and expects to see this success reflected in its token, Ripple’s XRP has the honor of winning a long-fought battle spanning over 7 years with the SEC. Analysts believe the altcoin has the potential to see a greater surge than other altcoins, as XRP missed the last bull cycle and has the ability to make up for it now.
As we can see from the posts above, bullish sentiment is already underway for Ripple’s XRP. Over the last 48 hours, XRP whales have accumulated 900 million XRP, signaling high expectations for an XRP price pump. Adding on, the analyst in the post above says that $3.27 is the key for XRP. When the altocin breaks this level, it will move to $3.60. Presently, the price of XRP is at $3.14, just an 18.55% pump away from its ATH set 8 years ago at $3.84.
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