- BTC MACD shows bullish divergence and crypto market swings toward recovery.
- Ripple’s XRP hints at hitting new ATHs between $19 and $45.
- Crypto market shows strong bullish reversal indicators.
The trying week of crypto has turned into a hopeful one as Bitcoin and stock market prices saw a huge liquidity pump taking BTC prices from low $70,000 prices to $80,000 prices. Meanwhile, $4 trillion flowed into the US stock market, all this upward momentum followed after Trump announced a 90-day suspension on all tariffs. In response, BTC MACD shows bullish divergence as Ripple’s XRP shows signs of hitting higher ATHs.
BTC MACD Shows Bullish Divergence
The spectacular bullish reversal in the crypto market yesterday was triggered by Trump’s latest decision to suspend tariffs except on China. In response both the stock and crypto market pumped leading the BTC to retake the $80,000 price range once again. This in turn led to analysts turning bullish and announcing the return of liquidity. Where there is liquidity, markets move and the crypto market seems to be preparing for a spectacular leg up.
According to several reputed analysts, the price of BTC is preparing for an uptrend. As we can see from the post above, the BTC MACD shows a bullish divergence with prices set to skyrocket. The image in the post depicts a bullish divergence pattern forming, set to propel the price of Bitcoin and the extended crypto market. The analyst concludes that a greater bullish reversal may be afoot.
XRP Eyes Cycle Top Targets of $19 and $45
Similarly, another reputed analyst sees bullish signs on the XRP price chart. Ripple’s XRP is one altcoin set to explode in price this bull cycle. The asset, having missed the previous bull cycle due to its prolonged battle with the SEC, is expected to pump exponentially and hit much higher targets in order to make up for the previously missed pump.
The analyst believes the price of XRP will hit $19 or $45 in the coming days ahead. He highlights historical data and technical analysis to explain why he has set these targets as possible cycle top prices for the ongoing bull cycle. He then shares that analyzing the 21 EMA and 33 MA indicators reveal a curving bottoming structure after 777 days and the 770 mark before a bullish cross.
Then, he remarks how based on previous blow-off tops in 2017, XRP price found heavy support at the 21 EMA and experienced the last blow-off top. Meanwhile, in 2021, the price breached both the 21 EMA and 33 MA and then pumped resulting in a final leg that marked the cycle’s blow-off top. Lastly, he mentions that if XRP mimics either of these cycles, it could see an explosive price pump of 2,700% or 1,050%, taking XRP to $45 or $19, respectively.
