With a bullish rally anticipated in the crypto market next week, XRP, Stellar （XLM）, and Bitcoin Cash （BCH） are top altcoin picks poised for significant growth.
Points
- XRP, XLM, and BCH are expected to lead the recovery rally.
- XRP shows a bullish reversal with potential to reach $1.00.
- XLM reclaims $0.10, targeting $0.15 with sustained momentum.
- BCH poised for breakout rally with potential to hit $519.
The crypto market is gearing up for a bullish rally next week, making it an ideal time for smart money to invest in high-potential altcoins. As the US Bitcoin Spot ETF inflows rise, the BTC price is on the verge of crossing the lost level of $60K. This positive momentum is expected to spill over to altcoins, particularly XRP, Stellar （XLM）, and Bitcoin Cash （BCH）.
XRP has crossed the $0.50 psychological mark, up by 17% in the past seven days and 10.62% in the past 24 hours. The bullish streak continues as XRP reverses from the $0.41 mark, registering a growth of 22.70% in six days. The altcoin is set to achieve the $1.00 psychological mark this quarter, driven by a rounding bottom reversal and a bullish crossover in the MACD indicator.
Stellar （XLM） has reclaimed the $0.10 psychological mark, with a market cap of $2.86 billion. The altcoin price has increased by 20% in the last six days, forming a morning star reversal rally. With an intraday gain of 9.53%, XLM challenges the 23.60% Fibonacci level, targeting a potential jump to $0.15 if the uptrend momentum sustains.
Bitcoin Cash （BCH） is on the rise, benefiting from the high anticipations of bullish growth in Bitcoin. With a market recovery rally accounting for a 20% price jump in five days, BCH trades at $376, challenging the overhead trendline. A breakout rally could see BCH hitting the $519 mark before heading higher.
解説
- XRP: Exhibiting a bullish reversal with potential to reach $1.00, driven by a rounding bottom pattern and a bullish MACD crossover.
- Stellar （XLM）: Reclaiming $0.10 with a strong upward momentum, targeting $0.15 if the bullish trend continues.
- Bitcoin Cash （BCH）: Poised for a breakout rally, with potential to hit $519, supported by positive market sentiment and Bitcoin’s growth.
- Market Conditions: The anticipated bullish rally in the crypto market presents a prime opportunity for investors to capitalize on the growth of high-potential altcoins.
- Technical Indicators: Key indicators like the MACD and Fibonacci levels support the bullish outlook for these altcoins, reinforcing their potential for significant gains.