"Bears are all caught"... Bitcoin $140,000 · XRP $7 wild rally predicted

▲ XRP, Bitcoin (BTC)

An analysis suggests that investors who bet on the decline of Bitcoin (BTC) have fallen into a huge trap. XRP is also preparing for a surging rally accompanied by a powerful short squeeze, following in Bitcoin's footsteps.

Cryptocurrency specialized media Bitcoinist reported on April 25 (local time), citing an analysis by virtual asset expert RWA Strategy (RWA Investor), that Bitcoin and XRP bears have been isolated, missing out on a golden buying opportunity. The analyst diagnosed that Bitcoin's price movement is being projected onto XRP at a 1:1 ratio. The resistance level between $1.50 and $1.60 is expected to break soon, and a breakthrough is projected to lead to a surge to the $2 to $3 range.

The final target price for the upward rally was presented as $7. The analyst predicted that the price would surge to around $3, followed by a large-scale correction, in what is known as a 'pump and dump' pattern. The subsequent third wave will be the key driving force to push XRP to the $7 mark. It is explained that 80% of the market is driven by psychology, and the moment bears believe they are controlling the market, a powerful short squeeze will occur, pushing the price up.

Changes in the Federal Reserve's monetary policy also support the possibility of a rally. RWA Strategy emphasized that interest rate cuts and the resumption of quantitative easing (QE) are the most powerful catalysts the market has been waiting for. With the end of the tightening cycle and the start of liquidity supply, an environment has been created for Bitcoin to rise to $140,000 and XRP to $7. Progress on the US cryptocurrency market structure bill (CLARITY) is also a factor accelerating institutional fund inflows.

Technical analyst CasiTrades predicted that XRP would test the $1.50 to $1.53 resistance level in the short term. As Bitcoin reached the $79,900 mark, XRP is also rising, attempting to break through the last selling pressure zone. Currently, XRP is firmly holding the $1.39 support level and is accumulating strong rebound energy at the end of its downward wave.

XRP's direction is highly likely to eventually synchronize with Bitcoin's movements. As Bitcoin gathers buying momentum in front of the $80,000 resistance level, XRP is also laying the groundwork for breaking its historical high. With the trap set by the bears transforming into a powerful upward driving force, the market has now begun a countdown towards the record high of $7.

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