Pleas for alt season lauds as the Bitcoin price action decelerates. Meanwhile, the total altcoin market cap has been trading around crucial resistance of $1.431 trillion. Besides, as the flow of money has been making its headway to all sectors of cryptocurrencies, we might be currently on the horizon of the intense bull season.
Moreover, Ethereum has been recording higher highs post-integration of the Altair upgrade. On the other hand meme tokens, gaming tokens, Defi tokens, and remaining tokens in the space have been running green in the charts. However, XRP, a rival of Ethereum which has been hopeful of winning the lawsuit against SEC, is looking dangerous to soar beyond its counterpart in the upcoming bull cycle.
Analyst Hopes XRP’s Intense Rally in the Next Bull Season!
Popular crypto analyst Moon Lambo is hopeful of XRP’s rally to go in pace with Ethereum. In his recent video, he explained the money flow in the crypto space. As the Fear and the Greed index has been extremely green over the past two days he opines upcoming altseason would be extremely insane. While answering the question of the rationale behind the cash flow, he emphasized the point of how traders roll their profits earned into different altcoins.
He further responded why Bitcoin price ranges to high prices in the bull runs and expects flagship assets to surge between $75k to $80k. Further, the analyst believes the majority of the cash flow to head towards XRP in pace with Ethereum. He recalled the 2018 bull run where Ripple has given tough competition to the star altcoin to encompass the 2nd place.
On the positive note, he hopes for a replication of the same rally as SEC’s lawsuit against it turning out green. If the trend recurs he expects XRP price to hit $25 to balance the market cap in pace with Ethereum.
Ripple (XRP) Price Analysis:
Ripple’s (XRP) price has been within the tight range of symmetrical triangles at $1.06. The 4-hour chart highlights a significant spike in buy pressure, indicating a potential break-out ahead. The altcoin seems to have regained its strength after a massive sell-off a couple of hours ago. In order to go for higher highs, the altcoin is expected to retest $1.1. However, the RSI factor has also been indicating a healthy consolidation range, XRP price is expected to reach new highs in the next bull cycle.
Collectively, Ripple has been holding the upper hand against the SEC lawsuit. Meanwhile, as a significant number of investors have been showing interest towards the asset, probability of asset recording new highs looks imminent.