 
 
The altcoin rally is expected to extend into the coming months, and a handful of altcoins are poised to soar to new all-time highs. This is according to market analysts who remain optimistic that altcoins will outperform Bitcoin in the majority.
One such analyst is the pseudonymous market player XForceGlobal, who took to X to share his bullish sentiment, with a key focus on altcoin XRP.
Per the analysts’ assertion, the cycle target for XRP sits above $20—a bold price target for the 3rd largest asset, which will need to 7x its current value to attain the aforementioned price level.
The analyst who intends to validate his position with incoming data further noted that the market is exiting the confirmation stage and moving into the acceptance stage—a move that signals a shift from a bearish point to a bullish one.
As his post reads;
 
“Cycle targets remain set at $20+. The target for the wave (3) will be determined later w/ data. We’re clearly moving out of the ‘confirmation’ stage and stepping into the ‘acceptance’ phase. We are finally witnessing the bears throwing in the towel and flipping bullish.”
The analyst’s forecast comes as XRP manages to remain above the $3 price as hourly and weekly losses pile up. Notably, XRP is down 2.92% from the last 7 days and is the only asset trading in the red among the top 5 at press time.
Valued at $2.97 at the time of this report, the analyst CryptoWZRD maintains that XRP will need to remain above the $3.2300 mark to stay in bullish territory, as a drop below that mark suggests a return to bearish levels.
Source: https://zycrypto.com/analyst-caps-xrp-cycle-target-at-20-suggesting-bulls-are-still-wide-awake/