Popular altcoin assets XRP and NEAR both show promising signs. Will either asset experience a bullish breakout soon? Could XRP and NEAR both set new ATHs in the altseason peak phase? As crypt
As crypto market prices continue to fall with Bitcoin (BTC) and Ethereum (ETH) leading the way, bullish expectations for a bull market recovery dwindle. However, expectations for a few altcoin assets to surge over the coming months remain strong. To highlight, popular altcoin assets XRP and NEAR show both promising signs for bullish breakouts soon. Can XRP and NEAR hit new ATH prices soon?
Over the past few weeks, many popular altcoin assets have been surging and dipping in accordance with the rest of the crypto market. While some assets like NEAR, XLM, HYPE, and more went on to surge and make exponential gains, other assets have gone on to set bottoms and challenge critical resistance levels, such as Ripple’s XRP. At the moment, analysts believe XRP will either dip to another bottom and retest, or surge directly to the next resistance level.
Either way, the price of XRP is expected to surge and the activity on its price chart supports this expectation. Similarly, NEAR is also a promising token that shows high signs of making bullish price surges over the coming weeks and months ahead. Can either of them set new ATH prices over the coming months, or will the drop in BTC price lead to a steady fall across the altcoin market as well?
https://twitter.com/0xVertix/status/2067626891725439000 As we can see from the post above, NEAR has been showing holders what it is capable of, the question now is whether history wants to rhyme again. In the previous cycle, NEAR delivered roughly +3000% from the bottom. Then came another cycle with a smaller but still massive +928% move. Now price is once again emerging from a long accumulation structure after spending months near cycle lows .
What’s interesting isn’t the exact percentage, but rather the pattern and every major expansion started after a long period where most market participants had stopped paying attention. That’s exactly where NEAR has spent most of the last year and the chart is currently suggesting a potential third expansion phase. If NEAR only matches the weaker historical move, the upside is still significant. If it approaches the strength of the previous major cycle, the move becomes one of the largest among large-cap altcoins.
Similarly, XRP is preparing for a massive breakout. For over a year, XRP price has been pinned beneath a major descending trendline, gradually tightening in a coil between that overhead resistance and our crucial support zone around $1.05 - $1.10. Right now, XRP is positioned right in the yellow circle, as highlighted in the post above, another high potential setup. Thus, traders and analysts are watching XRP closely.
