Ethereum (ETH) To Hit $5k in Three Months, Ripple (XRP) Forming Bull Flag, Massive Rally Incoming

A crypto analyst called tonythebullBTC believes this year could be a bullish one for Ripple (XRP). He has highlighted the formation of a potential bull flag

According to a technical analysis by tonythebullBTC, XRP might be gearing up for a massive rally. The crypto analyst has discovered a potential bull flag formation on the Ripple (XRP) chart that could lead to a price surge in the coming months. If the flag formation is valid, tony predicts that the XRP price might rally to $13.

This prediction comes as XRP is showing signs of strength in the market. At the time of writing, XRP is trading at $2.24, up by 5.2% in the past week. The coin has also seen a surge in buying pressure, with the Fear and Greed Index showing “Extreme Greed.”

Moreover, the Williams Percent Range (14) and Stochastic Fast (14) are both flagging buy signals, indicating that traders are expecting a further XRP price increase.

However, it's worth noting that this analysis is based on technical indicators and past price movements, and it might not always accurately predict future price actions.

Also, a top analyst known as ZAYK Charts has posted a bullish prediction for the Ethereum token, suggesting that the value of the altcoin could reach $5k in the first three months.

This prediction comes after Ethereum (ETH) broke out of a descending channel last year. Another analyst, SatoshiFlipper, also weighed in on the price movement of ETH. According to them, the Ethereum price could rally to $4k soon. However, it must go through a 25% correction followed by a triangle consolidation. Currently, the altcoin price is on an upward movement. It has been trading between $3,330.16 and $3,431.09 in the past week, as shown by CoinMarketCap.

Its losses on the weekly and monthly timeframes have reduced to 0.7% and 6.0%, respectively. Based on technical analysis, the sentiment surrounding the Ethereum coin is becoming positive. First, the relative strength index is rising. Also, the Hull Moving Average (9) shows a buy signal, indicating that bulls are gaining momentum.

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