- Altcoins show greater bullish signals as Bitcoin price struggles.
- Ripple’s XRP is one of the most bullish altcoins this bull cycle.
- Analysts expects next trend high XRP targets at $3.66 and $3.75 this altseason.
Altcoins have been slowly stealing the spotlight from pioneer cryptocurrency Bitcoin this month as Bitcoin Dominance continues to stay at a lower score. In turn, analysts expect altcoin Dominance to take over in the event that Bitcoin price fails to retake its 6-digit value or reclaim its previous ATH.
BTC Prices Set For Slow Recovery
Despite these expectations, the long-term view for Bitcoin price remains at a clear consensus amongst seasoned analysts and this is the firm belief that BTC price will recover and go on to set higher ATH targets in the following month. Thus, the rest of January will likely see a prolonged correction phase resulting in more sideways movement for BTC.
This is why sights are shifting to altcoins instead. More so, because historically, the peak of the altseason usually arrives in Q1 following a Bitcoin Halving year. With this scenario now playing out, analysts are awaiting a highly anticipated altseason peak in the coming days ahead. To support this expectation, altcoins themselves are showing highly bullish signals.
XRP Trend Targets Set at $3.66 and $3.75
One such altcoin is Ripple’s XRP. As we can see from the post above, This analyst says XRP is on the verge of a very bullish rally. This next rally could take the price of XRP to its next trend top high at the price of $3.66.
Similarly, another analyst highlights the bullish potential of XRP saying its current price of $2.75 is the previous $0.75. After a retest of the symmetrical triangle, XRP price will likely see a bullish pump to the $3.75 target.
