XRP Prints Bullish Candle Formation as Altcoins Prints Bottom Amidst Oversold Call, Altseason Steps Closer

Analyst says altcoin bottom is in and massive gains can be made before the year is up.
A big range of altcoins seem to be oversold and holding now could bring big gains.
XRP prints highly bullish signs with expectation of $8-$27 XRP price on the horizon.

The crypto market continues to sway towards the recovery phase and reputed analysts voice their thoughts on the matter. In particular, many believe that altseason is just around the corner and many altcoins and printing bullish signals. Bull waves or god candles? What can we expect?

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According to silver-tongued crypto analyst, Doctor Profit, known for his accurate market predictions, the bottom for altcoins is in. In his latest post he confirms that most altcoins have been oversold. He also adds that the bottom area has been met and in the next 30-45 days buying price will be too high.

Just recently, Doctor Profit dropped a detailed altcoin report for what traders and investors can expect in Q3 and Q4 of 2024. Specifically, he said ‘unimaginable gains’ will be made during this time. To show his confidence in his altcoin spike prediction, he event dropped his buy orders for multiple altcoins including JASMY.

JASMY, XRP, and VET price predictions have been coming out in troves over the week. Of many altcoins like ETH, OP, BNB, TON, and NOT that are expected to go high, VET, XRP, and JASMY are also expected to break new ATHs.

Speaking of XRP, another popular trader shares his expectations for what can be expected for XRP price action in the coming days. According to Egrag Crypto, XRP just printed a bullish candle formation. He marks this formation as the XRP quarterly hammer.

Additionally, he says that when XRP prints two hammer candles within a last 3-month time frame, massive gains occur. Sharing charts to back his observations, he highlights the last times this formation occurred was between April-June 2016 and between July-September 2017.

Therefore, the analyst believes that if XRP prints the same hammer once again within the mentioned time frame then XRP can pull a 1700% price spike to hit $8 price in July 2024. He says if a hammer comes in the next 6 months then the pump will be 5500% taking the price to $27.

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Lauren Cole

A focused and vigilant storyteller for all things blockchain and cryptocurrency. Besides consuming every piece of literature about the metaverse, she can often be found at industry convections looking for the latest scoop.