The post Crypto Rally Alert: Expert Reveals How High Bitcoin, Ethereum and XRP Prices Could Climb appeared first on Coinpedia Fintech News
The crypto market is showing fresh signs of strength, and veteran trader Gareth Soloway says a short-term rally may have more room to run, even though he is not calling for a full bull market just yet.
“Charts are unbiased,” he explained. “If I see a bullish pattern, I trade it long. If I see a bearish pattern, I go short.” Right now, he sees a bullish setup forming.
Bitcoin Could Be Headed to $80K–$85K
Bitcoin recently rebounded strongly after dipping near $60,000. According to Soloway, the recovery created a classic bullish consolidation pattern.
After a sharp sell-off, Bitcoin printed a strong reversal candle and then began moving sideways in a tight range. This type of pattern often signals that buyers are quietly building positions before another upward push.
Soloway says Bitcoin is more likely to reach $80,000 before $50,000 in the short term.
He points to:
- Strong consolidation after the drop
- Extremely negative market sentiment, which can fuel short squeezes
- Large accumulation between $60K and $70K
He sees a realistic target zone between $80,000 and $85,000, depending on momentum and possible positive crypto legislation developments.
However, he stresses this does not necessarily mean a new long-term bull market has begun. It could be a powerful relief rally within a larger cycle.
Ethereum Could Rally 30% or More
Ethereum is also showing strength. ETH recently moved back above $2,000 and formed what Soloway describes as a “bull flag” pattern — a common breakout setup.
If the breakout holds, he believes Ethereum could quickly climb toward $2,600 to $2,800.
That would represent a potential 27% to 35% upside move in the near term.
However, he warns that heavy resistance sits in that zone. If ETH reaches $2,600–$2,800, traders may see strong selling pressure.
On the downside, major long-term support remains near $1,500. If the broader market turns sharply lower, that area could become important again.
XRP Needs to Break $2 for a Bigger Move
XRP, currently trading near $1.40, is in a more delicate position.
Soloway says XRP recently broke below a major support trendline, which shifts the chart slightly to the weaker side. However, a rebound is still possible.
Key resistance sits between:
- $1.60 and $1.90
- Stronger resistance near $2.00
If XRP can break above $2 and hold that level, Soloway believes a much larger move could follow. A move toward $1.60–$1.90 could represent an 11% to 33% gain from current levels, but the true breakout would only happen above $2.
What’s Fueling the Rally?
The market may be anticipating positive regulatory developments, especially with upcoming crypto-related discussions in Washington.
When sentiment becomes overwhelmingly negative, it often sets the stage for sharp upside moves. Short squeezes can happen quickly in crypto, pushing prices higher in a short period.
