Recent developments in the cryptocurrency market have presented eye-catching targets for major assets such as BTC, XRP, and ZIG Coin. Bitcoin is targeting the $250,000 level after breaking out of the cup-handle pattern, while XRP Coin could approach previous ATH levels and ZIG Coin could reach $0.2.
In a different environment than the bull seasons experienced so far, cryptocurrencies are showing impressive growth. Bitcoin is currently trading at $99,225, just below the psychological target of $100,000 that was unthinkable years ago. As the price approaches six figures, some altcoins have also made big gains in parallel with BTC. So what are the targets for XRP, BTC and ZIG Coin?
Analyst Crypto Rover stated that the cup-handle model for Bitcoin has been broken and now there is a clear target. The potential for an uptrend has excited investors for a long time, but now it is stated that the breakout has occurred and the upward movement has begun. According to the chart shared by the analyst, after the last breakout, Bitcoin's price seems to have started to move towards $250,000. This major rise could also allow altcoins to make significant gains as BTC's market dominance loosens.
The Kobeissi Letter data source drew attention to the recent Bitcoin ETF initiatives, stating that this was an extraordinary development. The report included the following statement:
“BREAKING: US Bitcoin ETFs now hold a record 1.1 million Bitcoins. The number of Bitcoins held by US ETFs has DOUBLED in the last year. To put this in perspective, there are currently approximately 20 million Bitcoins in circulation out of a total supply of 21 million. So ETFs hold 5.5% of all Bitcoins mined. This trend has supported Bitcoin’s price levels approaching $100,000 and has been up 132% year to date.”
XRP ve ZIG Coin
XRP Coin has recently managed to rise above $1.4, showing an increase of over 15%. XRP, which is competing with ADA Coin, is also recording a significant rise. Investors are showing great interest in these two altcoins considering their technological advancements and network data. Titan of Crypto commented on XRP Coin as follows:
“XRP Monthly MAGIC CANDLE… We haven’t seen a candle like this since April 2021. I easily reached my $1 target. Now, a close above the cloud will take XRP to its previous ATH level!”
Another analyst, TraderXO, announced that he is targeting $0.2 for ZIG Coin.
In conclusion, Bitcoin, XRP and ZIG Coin stand out as digital assets that offer great opportunities for investors and should be watched carefully. As market dynamics change, expectations for the future of these altcoins are also quite high.
