Crypto analyst @BullrunnersHQ on X social media has issued a new market update, suggesting that XRP may be on the verge of a major rally as traditional markets reach record highs. His latest technical breakdown links the recent strength in the NASDAQ to potential moves within the crypto sector, warning that the “unthinkable” is about to occur for XRP soon. The analyst highlighted 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 starts to reverse.
XRP Set For Unthinkable Upside Rally
According to @BullrunnersHQ, the equity market is approaching critical levels that could dictate the next major trend in the crypto market and 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, where the asset could finally break free from its prolonged consolidation and rally by “multiple hundreds of percent.”
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Notably, @BullrunnersHQ asserts that XRP’s price structure remains technically healthy despite market volatility. The analyst also noted that the overall crypto market cap and sentiment indicators have improved, with the Fear & Greed Index climbing to 42 from mid-October lows. He further emphasized that Bitcoin continues to hold comfortably above its 50-week EMA, showing a pattern consistent with previous rallies that led to new peaks.
The analyst added that BTC’s new local high around $116,000 and a bullish crossover between the 10 EMA and 20 EMA suggest that momentum is returning to risk assets, setting the stage for XRP to outperform potentially. Notably, this period mirrors earlier market cycles where Bitcoin’s consolidation above key levels triggered explosive altcoin rallies.
XRP, which has held its support much longer than most cryptocurrencies in the market, could climb to a new all-time high once momentum shifts.
To support his analysis, @BullrunnersHQ has referenced crypto market expert and Chartist Peter Brandt’s discussion about whether the NASDAQ’s recent price action represents a breakaway or an exhaustion gap. While Brandt leans cautiously bearish from an equities standpoint, @BullerunnersHQ remains confident that even if stocks slightly pull back or halt temporarily, money could still rotate into cryptocurrencies, potentially fueling XRP’s next major rally.
Analyst Warns Of Exhaustion Gap And End Of Bull Market
In his analysis, @BullrunnersHQ also referenced crypto trader Abdullah, who believes that the NASDAQ’s rally also shows signs of an exhaustion gap, a signal often seen near the end of a bull market uptrend. Absullah points to overbought readings in both the Relative Strength Index (RSI) and the Stochastic RSI on the weekly timeframe, indicating that the markets could be nearing the end of their current bull market phase.
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@BullrunnersHQ agreed that the market may be nearing exhaustion but reiterated that XRP’s position offers more upside potential compared to other assets. He also emphasized that Bitcoin must continue to hold between $107,000 and $109,000 on the weekly timeframe. A failure to do so could signal the end of the broader bull market.
Featured image created with Dall.E, chart from Tradingview.com
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