XRP Confirms RSI Patterns Pointing to a Bullish Breakout of a Near 7-Year Pennant Pattern, Major Price Pump Soon?

• Bitcoin holds strong at the $68,000 price mark, signaling potential for a parabolic Q4.
• Altseason expected as altcoins show bullish signals and follow Bitcoin’s lead.
• Ripple’s XRP continues to show highly bullish signals.

Bitcoin has climbed beyond $68,000, holding strong as analysts forecast a potentially parabolic Q4. This surge is expected to not only push BTC to new all-time highs but also set the stage for a bullish altseason, with numerous altcoins poised to follow and hit fresh peaks.

Q4 Turns Crypto Market to Greedy Sentiment

The crypto market is bracing for the much-anticipated bullish momentum of Q4. Historically, in Bitcoin Halving years, Q4 has seen BTC rise significantly, followed by a thriving altseason in Q1. With September closing on a positive note, expectations are mounting for an even stronger finish in Q4.

Bitcoin’s latest rally to $68,000 has reignited market optimism, driving the Crypto Fear & Greed Index to a ‘greedy’ score of 73. This steady upward movement is boosting hopes for a robust altcoin rally as well. Several altcoins, including SUI and FET, have already recorded notable price gains, adding fuel to the bullish sentiment. 

Popular assets like VET, SHIB, DOGE, and JASMY are also displaying strong bullish patterns, with indicators like hidden bullish divergences, cup-and-handle formations, and tightening Bollinger Bands suggesting potential price surges as the market readies for a possibly explosive season ahead.

XRP Ready for Bullish Breakout

Presently, XRP has once again caught the eyes of many crypto analysts. With the assets’s Bollinger Bands tightening, many anticipate major gains for XRP price soon. According to the post above, the analyst marks XRP as one of the most spotlighted and notorious Altcoins in the crypto market right now.

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He then goes on to say that XRP has already confirmed RSI patterns which point towards a bullish breakout of a near 7-Year Pennant Pattern. This, according to the analyst could result in a bullish move similar to XRP’s dynamic 2017-2018 run. The post above further highlights this bullish signal for XRP.