- Bitcoin’s recent $100,000 price recovery boosts market sentiment.
- Altseason expectations see the same effect and altcoins are bullish.
- XRP could hit a new ATH of $16.57 sooner than expected.
Bitcoin reclaiming the $100,000 price mark has not dampened any expectations for altseason to flourish in Q1 of 2025. In fact, Bitcoin’s recovery always reflects well on the overall crypto market and the recent BTC pump has only bolstered BTC ATH expectations to much greater highs for the year meaning greater expectations for altseason.
Altcoins Bolstered by Bitcoin Recovery
In particular, for altseason, historical factors all but guarantee that Q1 of every year following a Bitcoin Halving year is often when the peak of the altseason arrives. Thus, expectations for a flourishing phase of a string of new ATHs for multiple capable and potent altcoins are greater than ever and altcoins, in turn, are showing highly bullish indicators on their price charts.
One such altcoin is Ripple’s XRP. As we can see from the post above, this analyst highlights how in 2017, XRP prices used the 1st Fib Level as a light resistance before breaking right above and seeing an incredibly high price pump towards the 1.618 Fib Level, which at the time was $0.3089.
$16.57 XRP ATH Imminent
The analyst goes on to parallel that price action with this cycle marking how today, prices have done the same thing, but the 1.618 Fib Level is now over 400% away at the $16.57 price target. Thus, the analyst concludes that a massive XRP surge is almost upon the crypto market and over 7 years of holding may finally lead to an explosive rally.
