- Altcoins assemble for a major upturm ahead as altseason peak approaches.
- Analyst believes a pump of 0ver 75% will take XRP to its next ATH.
- Ripple’s XRP could hit a new ATH of $4.8 this altseason peak.
Bitcoin has made a tremendous recovery since its brutal fall yesterday henceforth dubbed as the worst crypto market crash in all of crypto history. Despite this, the price of Bitcoin jumped from $91,000 to $98,000 in a matter of hours due to spot traders accumulating BTC at discounted prices.
Altcoins Assemble for Major Upturn Ahead
So strong was this recovery that the Crypto Fear & Greed Index jumped from a score of 44 in the ‘Fear’ sentiment to as score of 72 and a ‘Greed’ sentiment in just one day. The crypto market now hopes to see the same speedy recovery for altcoins. In detail, Ethereum (ETH) was expected to lead this altseason’s peak phase.
Most analysts still believe this plan is in motion and that ETH price will pump to hit a new ATH soon. The expectations for this cycle’s altseason’s peak to arrive have only intensified since the start of February. Adding on that historically February has been a bullish month for crypto, anticipation has grown further.
$4.8 XRP ATH Target Appears
So far, several altcoins are showing high bullish signs hinting at the fact that the peak phase is growing closer. One such altcoin in Ripple’s XRP. This asset has already pumped heavily twice this bull cycle and continues to show signals for greater pumps ahead. As we can see from the post above, this analyst says that XRP price is currently holding above the $2.47 target, meaning that $4.804 is in play and a pump of over 75% could take place.
