XRP Starting an Explosive Push to New ATH if Bitcoin Does Not Spoil the Run: Analyst #CriptoNews

Analyst CryptoWZRD says XRP is starting an explosive push toward a new all-time high as long as Bitcoin does not “spoil the fun.”

He disclosed this amid the prevalent uncertainty within the market, as Bitcoin (BTC) continues to consolidate between the highs and lows of the $90,000 psychological mark. Interestingly, while the rest of the market has been largely bearish, XRP appears to be demonstrating more resilience.

XRP Breaks Falling Wedge Despite Broader Market Turbulence

In his recent analysisCryptoWZRD confirmed that despite the market’s bearish direction, XRP’s resilience has allowed it to break above a multi-week falling wedge on the 4-hour chart. Market data confirms this, indicating that this breakout occurred over the weekend.

For context, XRP began forming this falling wedge after it faced a roadblock at the seven-year peak of $2.9 on Dec. 3, 2024. At this top, XRP witnessed a pullback and a subsequent consolidation. This pattern persisted for weeks and spilled into the new year, leading to the formation of the falling wedge.

However, the recovery push last weekend, which saw XRP soar by an impressive 10% on Saturday, Jan. 11, led to a breakout above the wedge. At the time of CryptoWZRD’s commentary, XRP price was already witnessing a mild correction, looking to retest this breakout.

The crypto analyst expressed confidence that the recent breakout would lead to a more impressive run toward new highs. According to him, XRP has already started the move that would trigger an explosive rally to a new all-time high.

New ATH Looms if Bitcoin Holds Strong

However, he acknowledged that there is the possibility of an invalidation, which he ascribes to a Bitcoin bear push. Despite XRP’s resiliencethe token often faces a roadblock to its run when Bitcoin triggers a bearish phase across the entire market. This trend has persisted throughout December 2024 and in the new year.

Bitcoin’s occasional slumps over these past few weeks have been attributable to macroeconomic factors, especially stronger U.S. employment data, which reduces hopes of interest rate cuts. Nonetheless, if another major downtrend does not occur, CryptoWZRD expects XRP’s current run to lead to $4, a new all-time high.

Interestingly, XRP appears to have maintained the bullish push, as recent data suggests. Following a pullback and consolidation on Jan. 12 and 13, XRP resumed the latest rally, surging 5.71% on Tuesday, Jan. 1,4 to conquer the $2.60 region.

This morning, XRP has maintained this upward thrust, with an additional 5.34% gain today. As a result, the token appears to be retesting the $2.80 resistance at press time, currently changing hands at $2.806. A decisive push toward $2.85 would help conquer the $2.8 region. At this pointXRP only needs a 42% gain to claim $4.