Crypto Analyst Altcoin Sherpa Predicts XRP, Bitcoin (BTC), and Stellar Lumens (XLM) Could Be Set for Major Rallies

A well-known crypto analyst is predicting that a top-10 altcoin, XRP, could be on the verge of its next big rally, while also offering an optimistic outlook

A well-known crypto analyst is predicting that XRP, a top-10 altcoin, could be on the verge of its next big rally, while also offering an optimistic outlook for Bitcoin (BTC) and Stellar Lumens (XLM).

Pseudonymous altcoin analyst Altcoin Sherpa shared his analysis with over 240,000 followers on social media platform X, highlighting upcoming price movements for some of the most talked-about cryptocurrencies.

Here's a closer look at his predictions for XRP, BTC, and XLM.

XRPLedger (XRP) Poised for Potential Rally

Altcoin Sherpa, known for his accurate predictions and deep insights, recently stated that XRP is poised for its next significant price movement. The altcoin, which ranks 3rd by market capitalization, is currently trading at $3.17. XRP has already seen a positive 5% increase in the past week, and Sherpa believes the next leg of its rally is approaching.

While XRP has experienced some volatility in recent months, Sherpa is confident that the cryptocurrency is preparing for a sharp upward movement. His analysis suggests that XRP’s next move could be an explosive one, driven by growing demand and market momentum. Investors are eagerly awaiting confirmation of this potential rally, with many hoping the asset can continue to rise as legal and regulatory concerns surrounding XRP appear to be easing.

Bitcoin Anticipated to Surge Towards $120K with “God Candle”

Alongside his prediction for XRP, Altcoin Sherpa is also bullish on Bitcoin, the world’s largest cryptocurrency by market cap. The analyst speculates that Bitcoin is gearing up for a “god candle,” a term used in crypto trading to describe a massive upward price movement. According to Sherpa, this “god candle” could propel Bitcoin's price to $120,000 in the near future.

At the time of writing, Bitcoin is trading at $103,255, having seen a minor dip of 2.5% in the last 24 hours but a more encouraging 3% increase over the past week. Despite short-term fluctuations, Sherpa’s outlook suggests that Bitcoin could experience a significant rally, with the possibility of crossing the $120,000 mark. This prediction is based on the continued positive sentiment surrounding Bitcoin as more institutional investors enter the space and Bitcoin’s role as a store of value becomes further solidified.

Stellar Lumens (XLM) Outlook: “One Last Exit Pump”

Stellar Lumens (XLM), a cryptocurrency that has long been seen as a rival to Ripple's XRP, is also on Altcoin Sherpa's radar. XLM is currently priced at $0.427 and ranks 18th in terms of market capitalization. Although the coin has faced a dip of nearly 10% in the past week and is down almost 4% in the last 24 hours, Sherpa is optimistic about its future.

According to Sherpa, XLM has been in a long-term consolidation phase, as seen in the green consolidation box on his chart. This period of price stability could be followed by a significant upward movement, according to Sherpa's analysis. However, he cautions that it may not break its former all-time high, though he believes XLM could still experience a notable surge in the near future.

Sherpa speculates that this potential rise for XLM could be the “last exit pump” for coins of its kind before more significant market shifts occur. He anticipates that once the final surge happens, the altcoin market may face some cooling off or consolidation as it stabilizes after the growth spurt.

What’s Next for the Crypto Market?

The market is closely watching these altcoins and Bitcoin, as their movements could signal larger trends in the crypto space. With increasing institutional interest, improved market conditions, and regulatory clarity in some regions, cryptocurrencies like XRP, Bitcoin, and XLM are gaining more traction and attracting a wider range of investors.

Altcoin Sherpa's analysis points to potential rallies for these assets in the near term, though, as always, market volatility remains a factor to watch closely. Crypto investors should keep an eye on these coins as they could see significant price action in the coming weeks, with XRP leading the charge, Bitcoin making a major push to new highs, and XLM attempting to break out of its consolidation phase.