XRP, Now is Not the Time to Buy...Expert "Wait Until Bitcoin Falls to $60,000"

▲ XRP

As the possibility of further adjustment for Bitcoin (BTC) has been raised, an analysis suggests that XRP investors should delay their purchase timing. The market is assessed to have entered a mixed phase where both short-term bearish signals and long-term bullish signals appear simultaneously.

Benzinga reported on April 28 (local time) that analyst Cryptoinsightuk diagnosed Bitcoin's 4-year cycle model as currently being under pressure. He mentioned the possibility that the market has already formed a peak and entered a bearish phase, suggesting a potential bottom formation in mid-2026. Along with this, he urged caution for altcoin investors, including XRP.

Technical indicators are sending mixed signals. A bullish golden cross formed on the weekly Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI), suggesting long-term upward potential. Simultaneously, negative funding rates appeared, indicating a similar trend to accumulation phases just before past rises. The long-term fundamental strength is assessed to be maintained.

However, the short-term price structure is still under downward pressure. The analyst believes that Bitcoin is likely to undergo an adjustment to around $60,000, emphasizing that this range could be the most favorable entry point for altcoin investments. XRP is also showing similar chart movements to Bitcoin, raising the possibility of a concurrent adjustment.

The next 1-2 months are considered a critical period for determining the market direction. If Bitcoin breaks through major resistance levels, this adjustment could be interpreted as a mid-cycle correction. Conversely, if it lowers its lows again, the 4-year cycle bearish pattern is likely to strengthen.

As market volatility expands, analysts are emphasizing data-driven approaches rather than hasty purchases. Santiment's on-chain indicators also reflect short-term anxiety through large investor movements and changes in exchange volumes. Investors are closely monitoring liquidity changes and market timing based on Bitcoin's price movements.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*