- XRP’s risk score of 53 aligns with its 2017 pre-rally level, suggesting a possible breakout from its prolonged consolidation phase.
- Ethereum tests key monthly moving averages with bullish indicators, hinting at a potential breakout and altcoin market shift.
- ADA/BTC divergence and oscillator strength indicate upside potential, supporting broader altcoin bullish sentiment.
XRP’s weekly price setup may be aligning for a strong bull market push, as per Crypto Capital Venture. The analyst highlighted XRP’s two higher high all-time high targets, referencing a custom built risk model that draws from historical data.
This tool, developed as part of a proprietary intelligence system, shows XRP emerging from a prolonged consolidation phase, with a current risk score of 53, closely matching the score seen before XRP’s 2017 surge.
XRP Risk Score Aligns with 2017 Cycle Levels
The new risk model uses a score range from 0 to 100 to assess long-term investment risk. Scores near 50 suggest relatively low risk, typically seen before upward price swings. XRP’s current score of 53 indicates it may be exiting its prolonged market winter, just as it did in 2017.
However, the recent cycle has shown slower movement. Unlike the sharp rally seen in late 2016, XRP now appears to be in an extended consolidation. This pause has raised expectations of a potential double move setup. The first possible target remains the failed bull market level from the 2018 peak.
This target, around $5.30, is based on the 1.618 Fibonacci level from the previous market cycle. According to the analyst, the SEC’s intervention during the last cycle prevented XRP from reaching this level, making it the first upside zone to monitor.
Ethereum Surge Fuels Broader Altcoin Sentiment
While XRP is in focus, Ethereum’s monthly chart is also providing signals relevant to altcoin holders. Crypto Capital Venture emphasized four key data points for Ethereum: the moving averages, stock RSI, MACD, and monthly RSI trendline.
Ethereum is currently testing the 20 month and 50 month moving averages, showing potential for strong upside if a breakout occurs. Ethereum’s stock RSI is in oversold territory, a level previously seen only in past bear markets.
However, this shift happened outside a bear cycle, suggesting possible undervaluation. The MACD histogram has started trending upward, though still below zero, showing early momentum. The RSI is nearing a breakout above its lower high trendline, indicating growing bullish sentiment if confirmed.
ADA and BTC Pairings Show Wider Altcoin Moves
ADA’s weekly structure shows bullish momentum, supported by oscillator indicators. Although Ethereum leads broader altcoin trends, the ADA/BTC chart shows strong divergence, pointing to potential upside. According to the analyst, many lower cap altcoins may outperform high cap assets.
