Analyst Predicts Stronger XRP Breakout After Deeper Dips, Experts Remain Skeptical

• Analyst says the lower XRP goes the more bullish the breakout.
• Other experts remain unsure about an XRP recovery.
• Can the price of XRP set a new ATH this year?

The crypto market sees renewed hope and improved anticipation of a bullish recovery rally as the price of BTC just reclaimed prices above $70,000. This led to the price of ETH also reclaiming higher prices, leading to growing expectations for the altseason peak phase to arrive as well. One analyst says the lower XRP goes the more bullish the breakout as experts remain unsure about XRP recovery.

Over the last 24 hours, Bitcoin (BTC), the leading crypto asset, jumped more than 4.7%, breaking past the $70,000 level after spending over a week trading below that mark. The move has helped lift the broader market, with Ethereum (ETH) also pushing higher. Amid this momentum, renewed hope for altseason and its peak phase leading to new ATH prices for all promising altcoin grow strong.

Among the most bullish altcoins in the crypto market, some are expected to pump more exuberantly than others. To highlight, ETH, ADA, and XRP are some of the most bullish altcoins in the crypto market, with all of their price charts indicating parabolic price surges over the coming months. The assets have been printing bullish patterns for over months and years and analysts finally hope to see the breakout.

As we can see from the post above, some experts are unsure about XRP experiencing a bullish recovery or a recovery rally based on the current market situation. The post highlights what Ric Edelman, Founder of Edelman Financial Engines, said to DLNews in March, which is that he is just not convinced that in this marketplace, XRP is going to succeed at regaining the stature that it once had, which is sad and unfortunate.

He also pointed to the Ripple ETF inflows in recent weeks which, though positive, have been “really low”. In addition, leading ETF expert, Eric Balchunas, also explained that XRP’s performance will likely hinge on the performance of BTC, but even then, he expects the asset to surge only after hearing some more good news and possibly some more global adoption.

Undeterred by these disappointing takes on the performance of XRP, the analyst in the post above says that the lower the price of XRP will go, the higher the measured breakout will be. If the price of XRP were to break out now, the price target will simply be lower. Regardless, of the outcome, this analyst goes on to state that he will be ready to take more profits when this surge occurs to retire his whole family bloodline.