A well-known market analyst has predicted massive price surges for Bitcoin and XRP, citing Elliott Wave patterns. Despite recent price declines, CrediBULL remains confident in his bullish outlook. He believes Bitcoin could soar to $150K, while XRP might skyrocket 1,029% to $28 once the wave cycle completes.
Bitcoin’s Next Move: Is $150K Within Reach?
Bitcoin has followed an Elliott Wave structure since March 2023, shaping its major price swings. In April 2023, BTC surged to $31K during Wave 1. A retracement followed, pushing prices down to $25.5K in Wave 2. The third wave fueled a massive rally to $73.8K by March 2024, but a correction in September 2024 pulled BTC back to $52.5K in Wave 4.
Right now, Bitcoin is in the fifth wave, which started in September 2024. Although BTC has faced recent pullbacks, CrediBULL insists the rally is far from over. He predicts that after a brief correction, Bitcoin could surge past $150K, marking a new all-time high. The current structure supports this bullish projection, signaling a potential breakout.
XRP’s Path to a 1,029% Rally
Unlike Bitcoin, XRP’s Elliott Wave structure began in Q4 2024. During Wave 1, XRP surged to $2.8 in December 2024. Shortly after, a correction phase (Wave 2) began, leading to the ongoing price dip. CrediBULL expects a turning point soon, with XRP entering the third impulsive wave.
Wave 3 could propel XRP to $16, reflecting a 545% increase from its current price. Afterward, a brief pullback in Wave 4 might push XRP down to $12. Finally, the fifth wave could trigger an explosive move toward $28, achieving a 1,029% increase from current levels. If the pattern holds, XRP might experience its most significant rally yet.
Currently, XRP trades at $2.48, down 0.6% in the last 24 hours but up 25% in the past week. Market analysts continue to highlight the coin’s bullish structure, reinforcing expectations for a major breakout.
XRP’s Chart Points to a Major Breakout
Mikkybull, another well-known analyst, recently shared a bullish XRP outlook. He pointed out that XRP has formed an ascending channel against the U.S. dollar and a symmetrical triangle against Bitcoin on the three-day chart.
Both formations typically lead to strong upward movements when the asset breaks above the upper trendline. Currently, XRP is retesting the lower boundary of these structures. If buying pressure increases, a breakout could confirm a long-term rally.
The current technical setup suggests that XRP has room for significant gains. Traders are closely watching the price action, waiting for confirmation of the next breakout.
What’s Happening With Bitcoin and XRP Prices?
Bitcoin and XRP have seen mixed price movements over the past few weeks. At the moment, BTC trades at $88,171, dropping 4% in the last 24 hours but gaining 11% over the past week. Meanwhile, XRP holds at $2.48, reflecting a 0.6% decline in a day but a 25% gain in a week.
Despite short-term volatility, both assets remain in a broader uptrend. The Elliott Wave analysis suggests further price increases could follow once corrections end. Investors should watch for breakout confirmations and key resistance levels.
Is Now the Time to Accumulate?
With BTC’s Elliott Wave pattern suggesting a move to $150K and XRP poised for a 1,029% surge, the crypto market could be on the verge of a historic breakout. Short-term corrections often shake out weak hands, but long-term investors might see this as an opportunity.
CrediBULL and other analysts emphasize that both assets are following structured patterns. If these projections hold, Bitcoin and XRP could enter one of their most explosive growth phases.
Investors should monitor key technical levels and prepare for potential breakouts. A confirmed rally could set the stage for significant market movements. Those looking to capitalize on the next big surge may want to consider their strategies now.
Final Thoughts
Bitcoin and XRP continue to move in sync with their Elliott Wave structures. While short-term price fluctuations may create uncertainty, long-term indicators suggest bullish momentum. If BTC follows its projected wave cycle, it could surpass $150K in the coming months. Meanwhile, XRP remains on track for an unprecedented rally to $28 once its current correction phase ends.
Read Also: XRP Surges Past $2.57: Can It Reclaim Its 2018 All-Time High?
Traders and investors should stay informed, track key resistance levels, and prepare for market shifts. If history repeats itself, Bitcoin and XRP could deliver some of the largest gains in crypto history. Stay tuned for updates, and don’t miss out on the next big opportunity.
