January has witnessed a noticeable shift in the cryptocurrency landscape, with altcoins slowly but steadily stealing the spotlight from Bitcoin. This shift comes as Bitcoin Dominance continues to hover at lower levels, signaling a growing interest in altcoins. Analysts are now predicting that if Bitcoin’s price fails to reclaim its six-figure value or previous all-time high (ATH), altcoin dominance could soon take center stage.
Bitcoin’s Slow Recovery
Despite the growing attention on altcoins, the long-term outlook for Bitcoin remains positive. Seasoned analysts continue to maintain a consensus that Bitcoin’s price will recover and ultimately set new ATHs in the months ahead. However, the short-term scenario points to a prolonged correction phase for Bitcoin, likely resulting in more sideways movement throughout January. As Bitcoin’s dominance wanes, the spotlight naturally shifts to altcoins, which have shown promising signs of growth.
Altseason Predictions and XRP’s Bullish Potential
Historically, altcoins experience a surge in value during Q1, especially in years following Bitcoin’s halving event. With the current Bitcoin cycle playing out, many analysts are eagerly anticipating an altseason peak in the coming days. Altcoins like Ripple’s XRP are displaying strong bullish signals, suggesting a potential rally ahead.
$XRP is on the Verge of Next Bullish Rally 📈
— Captain Faibik 🐺 (@CryptoFaibik) January 11, 2025
Next Stop : 3.66$#Crypto #XRP #XRPUSDT pic.twitter.com/8KiZhQy4bj
XRP’s price is already showing signs of an upward trajectory. One analyst has set the next target for XRP at $3.66, with the expectation of a significant price rally. Another analyst points to XRP’s current price of $2.75, which is seen as a major support level, having previously been $0.75. After a retest of the symmetrical triangle pattern, XRP is expected to experience a bullish pump, with targets ranging from $3.66 to $3.75.
#XRP – $2.75 Price is the Previous 0.75c:
— EGRAG CRYPTO (@egragcrypto) January 12, 2025
We might see a retest of the Symmetrical Triangle, but it's crucial that the top edge of Symmetrical Triangle holds. If it does, I can confidently say that $3.75 and potentially higher are on the table.#XRPFamily STAY STEADY AND… https://t.co/Rf8ZwdtzYX pic.twitter.com/bUImDzPveH
As Bitcoin remains in its correction phase, all eyes are now on the altcoin market, with XRP leading the charge for what could be a profitable altseason.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
Also Read: Ripple Soars 8% to $2.6 – Is XRP Ready for Liftoff or Headed for a Dip?
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