- XRP’s price pump could resuscitate BTC’s bullish promise.
- Analyst sees bullish golden cross formation on the XRP price chart.
- He expects XRP to hit a new ATH at $4.32 soon.
The crypto market kicks off a new week in the highly-anticipated month of January marking the start of the bullish Q1 of 2025. Today, the market sentiment is at a score of 61 marking a ‘Greed’ sentiment on the Crypto Fear & Greed Index. With Bitcoin (BTC) price in the $94,000 price range, the pioneer crypto asset barely holds its market dominance.
Bitcoin on Life Support, XRP in Key
Therefore, seasoned analysts while remaining highly optimistic about Bitcoin’s steady price recovery, are slowly turning their sights to promising altcoins in the market. Furthermore, the hope for altseason to reach its bullish peak this Q1 only fuels the incredibly high expectations for altcoin traders and holders.
In detail, for BTC price, analysts expect a major breakout for the pioneer crypto asset by the end of January or the start of February. Meanwhile, while waiting out the inevitable pump of BTC to hit new ATHs this bull cycle, altcoins are showing highly promising bullish signals on their price charts. One of the most bullish altcoins this time is Ripple’s XRP.
XRP’s New ATH Could Propel BTC Price
As we can see from the post above, this popular analyst sees a bullish golden cross formation on the XRP price chart. He then goes on to set a new ATH target for XRP at 4.32. The post goes on to highlight how a death cross invalidated by a golden cross and a breakout above the trendline marks bullish momentum building. Ultimately, the analyst expects XRP to lead the way for Bitcoin.
