- Bitcoin’s recovery spurs altcoins pump possibilities.
- Analyst expects to see a new ATH of $6 for Ripple’s XRP.
- Another analyst expects a $15 price of XRP this bull cycle.
Bitcoin reclaims the $101,000 price range and is once again trading in 6-digit prices. This has led to a flurry of enthusiasm from the crypto market and community as analysts are pleased to see their bullish predictions of an eventual BTC price recovery come true. One analyst, in particular, predicted that BTC could see a breakout at the end of Jan or the start of Feb.
As the month of January has entered the second half of its time, Bitcoin has immediately gone into a bullish phase and retaken the $100,000 and above price range. Now, analysts patiently await BTC to reclaim its previous ATH price of $108,268.45 and then go on to hit much higher targets. The same expectations are dawning for altcoins as well.
Analyst Says Next ATH Target for XRP is $6
As we can see from the post above, the same analyst makes a bullish prediction for Ripple’s XRP. This altcoin is one of the most bullish altcoins this cycle and the analyst expects another pump for XRP very soon. The asset has already seen 2 major pumps this bull cycle and many expect the next pump to set a new ATH. This analyst expects a price of $6 XRP.
Could XRP Hit Much Higher Targets This Cycle?
Meanwhile, other analysts are expecting much higher targets for XRP price. As we can see from the post above, XRP seems to have broken out of a symmetrical triangle on the monthly chart and indicates a potential to hit a much higher target of $15. Indeed, the seven-year-long wait seems to finally be paying off for long-term XRP holders.
