JASMY Prints Cycle Bottom, Analysts Expect Strong JASMY Price Surge Alongside Expected XRP Pump

July 1, 2024 at 01:52 PM GST updated: July 1, 2024 at 01:53 PM 2 mins read Crypto Live News

Altseason approaches and analysts observe multiple altcoins print bullish charts.
Ripple’s XRP could pump between $2.9 to $ 16.10 in one upward trendline.
Only green days ahead are expected for JASMY as price chart prints cycle bottom.

Bitcoin (BTC) moves in upward trajectory after two brutal downside weeks. This bullish momentum on Bitcoin opens doors for altcoins to swing to the upside as well. As many altcoins turn bullish, upward momentum is hinted at on many altcoin charts.

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With crypto market sentiment hoping for altseason to arrive soon many altcoins are now turning bullish alongside Bitcoin (BTC). Among these altcoins, VET, TON, WTK, NAKA and many more show rising signs but XRP and JASMY are taking the lead.

In particular for XRP, one analyst believes the next crucial price target for XRP begins at $2.9. This is a target close to XRP’s previously set ATH at $3.84, according to CoinMarketCap analytics. The same analyst believes XRP can hit a higher target of $16.10 in the same rally.

🚀 $XRP on verge of breakout to $5 soon!

📈 3 Key factors:

1. Triangle Breakout: #XRP poised for a breakout from a symmetrical triangle pattern.

2. Strong Support: Key support at $0.46 indicates a potential reversal.

3. Legal Outcome: #Ripple vs. SEC case nearing conclusion… pic.twitter.com/H1t1O4BhCv
— Armando Pantoja (@_TallGuyTycoon) July 1, 2024

Similarly, another analyst says XRP is just on the verge of a $5 breakout and goes on to share 3 factors that could lead to this outcome. Firstly, the analyst highlights the triangle breakout formation where XRP is poised for a breakout from a symmetrical triangle pattern.

Secondly, he talks about the strong support for XRP. He says there is key support at $0.46 indicating a potential reversal. Thirdly, he draws light to the legal outcome where in the Ripple vs SEC case, XRP could finally gain full legal clarity with the case nearing conclusion.

Indeed, sentiments for XRP price to spike high during the coming golden bull run is very bullish. Another crypto/altcoin community reflecting the sentiment for its own token is JasmyCoin (JASMY).

The bottom is in. I repeat our beloved #jasmy bottom is in. July is looking extremely promising. We will not go below 0.027! Green days ahead 0.05-0.08. I repeat the bottom is in. We are inevitable #JASMY pic.twitter.com/cXStsHrVWt
— Jasmy Hooligan (@JasmyHooligan) June 30, 2024

In the case of JASMY, one analyst believes that the bottom is in for the Bitcoin of Japan. According to CoinMarketCap, the price of JASMY is $0.028 and the analyst believes the bottom has been set at $0.027.

In the eyes of this analyst the future of JASMY is promising and only green days are ahead. In fact, this analyst says that the next crucial mark for JASMY is $0.05 – $0.08. All in all, both the XRP Army and JASMY community are bullish for the coming months.