While Bitcoin holds strong above $94,500—bolstered by better-than-expected Michigan economic data and a softening tone from Donald Trump on financial policy—the real action this week has been in altcoins. XRP, in particular, is catching attention again thanks to a mix of bullish chart signals and major ecosystem milestones.
According to independent analyst Lark Davis, XRP may be entering a critical technical phase, while two other seasoned traders share insights on Ethereum and Bitcoin that could shape the broader altcoin narrative. As the market awaits catalysts like Ripple’s IPO and the debut of XRP futures on CME, traders are zeroing in on momentum across charts.
XRP Technical Outlook by Lark Davis
Davis shared a detailed analysis of XRP’s price movement, pointing to key moving averages:
“XRP is attempting to break above the 50-day EMA (blue line). Yesterday, the 20-day EMA (yellow) was retested. I’m targeting a move from $2.20 to $2.45 with a stop-loss at $2.17. If this fails, a potential long entry from the 20-day EMA around $2.13 might be compelling.”
These short-term strategies come as XRP continues to outperform most large-cap coins, maintaining strength even during broader market dips. With a potential ETF approval, Ripple’s IPO on the horizon, and RLUSD adoption increasing, the asset is positioning itself for what Davis calls a “golden year.”
Altcoin Sentiment Tied to Ethereum’s Performance
Analyst Michael van de Poppe examined the ETH/BTC pair, highlighting the importance of Ethereum’s movement in determining the altcoin cycle:
“It’s pretty funny. Gold consolidates and ETH starts climbing. I’d prefer more momentum into the weekend, but the bullish divergence is emerging.”
He notes that breaching the 0.0284 BTC level could trigger a rally toward 0.041 BTC, potentially coinciding with a downturn in Bitcoin dominance (BTCD)—a setup that has historically sparked strong altcoin rallies.
Bitcoin Faces Resistance – Can It Hold?
Another respected analyst, Roman Trading, provided a cautious view on Bitcoin:
“If we’re going to rise, this is what I’d want to see pre-breakout. Right now, I don’t think we have the strength to break major resistance. Let’s see how $88K holds.”
This skeptical stance echoes the sentiment of bearish voices like Capo during early 2023. Still, investors are hoping that such caution will once again be proven wrong.
Broader Market Context
With U.S. macro data calming recession fears and XRP-related developments aligning with institutional expansion, optimism is building. As Dey There notes, sentiment-driven movements backed by solid technicals offer rare windows of opportunity—particularly when multiple analysts see convergence in the charts.
Sources:
TradingView Charts & Data: tradingview.com
Lark Davis Official X Feed: twitter.com/TheCryptoLark
Michael van de Poppe Commentary: twitter.com/CryptoMichNL
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