Cryptoanalyst @BullrunnersHQ on X social networks has issued a new market update, suggesting that XRP may be on the edge of a big rally as traditional markets reach record levels. Its latest technical breakdown links the recent strength of the Nasdaq to possible moves within the crypto sector, warning that the “unthinkable” is about to happen soon for XRP. The analyst highlighted that XRP’s price structure and broader crypto signals are lining up for a decisive move that could determine whether the current bull market cycle continues or begins to regress.
XRP ready for an unthinkable bull rally
According to @BullrunnersHQ, the stock market is approaching critical levels that could dictate the next major trend in the crypto market and the price of XRP. Even though the cryptocurrency market struggles to reach similar highs, XRP remains firmly above $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 recover by “several hundred percent.”
Related reading
In particular, @BullrunnersHQ states that XRP Price Structure remains technically healthy despite market volatility. The analyst also noted that the overall crypto market capitalization and sentiment indicators have improved, with the Fear and Greed Index rising to 42 from mid-October lows. Furthermore, he emphasized that Bitcoin continues to hold comfortably above its 50-week EMA, showing a consistent pattern 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 overcome potentially. In particular, this period reflects previous market cycles in which Bitcoin Consolidation Above Key Levels Triggered explosive altcoin rallies.
XRP, which has held its support much longer than most cryptocurrencies on the market, could hit a new all-time high once momentum shifts.
To support his analysis, @BullrunnersHQ has referenced crypto market expert and chartist Peter Brandt’s discussion of whether the NASDAQ’s recent price action represents a breakout or exhaustion gap. While Brandt leans cautiously bearish on the stock, @BullerunnersHQ remains confident that even if the stock pulls back slightly or pauses temporarily, money could still rotate into cryptocurrenciespotentially fueling XRP’s next big rally.
Analyst Warns of Exhaustion Gap and End of Bull Market
In his analysis, @BullrunnersHQ also referenced cryptocurrency trader Abdullah, who believes that the The rise of the Nasdaq It is also showing signs of an exhaustion gap, a sign 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 period, indicating that the markets could be nearing the end of their current bull market phase.
Related reading
@BullrunnersHQ agreed that the the market may be on the verge of exhaustion but reiterated that XRP’s position offers more upside potential compared to other assets. He also emphasized that Bitcoin should continue to hold between $107,000 and $109,000 in the weekly period. Failure to do so could indicate end of broader bull market.
Featured image created with Dall.E, chart from Tradingview.com
