Crypto analyst @BullrunnersHQ on X social media has issued a new market update, suggesting that XRP could be on the eve of a big rally while traditional markets reach record highs. His latest technical glitch connects the recent strength in the NASDAQ on possible moves within the crypto sector, warning that the “unthinkable” will soon happen for XRP. The analyst emphasized that XRP’s price structure and broader crypto signals are aligning for a decisive move that could determine whether the current bull market cycle continues or begins to deteriorate.
XRP sets for an unthinkable upside rally
According to @BullrunnersHQ, the stock market is approaching critical levels that could dictate the next big trend in the crypto market and the XRP price. Despite the crypto market struggling to reach similar highs, XRP remains firmly above the $2.50 range. He described this setup as “the unthinkable” moment for XRP, when the asset could finally break free from its long-term consolidation and rise by “several hundred percent.”
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@BullrunnersHQ in particular claims that The price structure of XRP remains technically sound despite market volatility. The analyst also noted that the total crypto market capitalization and sentiment indicators have improved, with the Fear and Greed Index rising to 42 from the mid-October low. He further highlighted that Bitcoin remains comfortably above its 50-week EMA, showing a pattern consistent with previous rallies that have led to new highs.
The analyst added that BTC’s new local high around $116,000 and a bullish crossover between the 10 EMA and 20 EMA suggest momentum is returning to risky assets, paving the way for XRP to perform better potential. This period mainly reflects previous market cycles Bitcoin’s consolidation above key levels led to explosive altcoin rallies.
XRP, which has maintained its support for much longer than most cryptocurrencies on the market, could soar to a new all-time high once momentum shifts.
To support his analysis, @BullrunnersHQ pointed to crypto market expert and chartist Peter Brandt’s discussion on whether the NASDAQ’s recent price action represents a breakout or an exhaustion gap. While Brandt is leaning cautiously bearish from a stock perspective, @BullerunnersHQ remains confident that even if shares pull back slightly or stall temporarily, money can still be converted into cryptocurrencieswhich will potentially fuel XRP’s next big rally.
Analyst warns of exhaustion gap and end of bull market
In his analysis, @BullrunnersHQ also referenced crypto trader Abdullah, who believes the NASDAQ rally also shows signs of an exhaustion gap, a signal often seen at the end of an uptrend in the bull market. Absullah points to overbought figures in both countries Relative Strength Index (RSI) and the Stochastic RSI on the weekly time frame, indicating that markets could be nearing the end of their current bull market phase.
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@BullrunnersHQ agreed that the market is in danger of becoming exhausted but reiterated that XRP’s position offers more upside potential compared to other assets. He also emphasized that Bitcoin should continue to hold between $107,000 and $109,000 weekly. If you don’t do this, it could be a red flag end of the broader bull market.
Featured image created with Dall.E, chart from Tradingview.com