Top Analyst Reveals What’s Next For Bitcoin, Ethereum and XRP Prices
Bitcoin has climbed roughly 25% from its lows, touching $79,500, but analyst Gareth Soloway says the easy money from this move has already been made.
The near-term target zone sits between $80,000 and $85,000. A push to $80,000 would represent just 3.5% upside from current levels. Even a stretch to $85,000 is only 8%. That limited reward has shifted Soloway’s stance from bullish to neutral.
The macro pattern on Bitcoin’s chart remains bearish, with a structure that historically resolves to the downside. If the current rally fails to break convincingly above $85,000 and hold there, Soloway warns the next significant target below is $50,000, a level where he expects meaningful support to emerge.
Above $85,000 sustained, the bearish pattern breaks and a genuine recovery toward all-time highs becomes possible. Below current support, the $50,000 scenario moves from tail risk to base case.
Ethereum: One More Move Before the Drop
Ethereum is tracing a three-touch trend line pattern that Soloway reads as having at least one more push higher before a more significant decline develops. The pattern has registered two confirmed touches. A third would complete the structure and likely mark a local top.
That potential upside in Ethereum is one reason Soloway keeps the door open for Bitcoin reaching $85,000. The two assets have been moving in loose correlation, and ETH showing continued strength would support the case for one more leg higher across the broader market before sellers take control.
$XRP: Two Levels Define the Trade
$XRP is the most direct setup of the three right now according to the analysis. The token has been trending higher and still has room to move, but faces a wall of resistance around $1.55, a level where multiple prior pivot highs converge with the upper boundary of a key price channel.
If $XRP breaks through $1.55 cleanly, $1.80 becomes the next target quickly. That level carries importance as former support that flipped to resistance, making it the natural ceiling for any extended move.
Soloway holds a small $XRP position with $1.80 as his exit target. A failure at $1.55 would likely trigger a pullback before any further attempt higher.
Related Articles
Binance Founder CZ Predicts the Future of Cryptocurrency – “The Word Cryptocurrency Will Disappear Within 5 Years”
Changpeng Zhao (CZ), the founder and former CEO of Binance, gave an extensive interview in which he discussed his experiences during his time in...
Litecoin had to eat its own insults about Solana’s downtime
For two years, Litecoin’s social media managers laughed at Solana’s blockchain outages. This weekend, they had to eat their own words as Litecoin’s blockchain...
Should Cardano invest more into Bitcoin while top Cardano marketplaces like JPG Store shut down?
Cardano’s governance system is facing two deadlines that belong in the same conversation. JPG Store, a prominent Cardano $NFT marketplace whose product page calls...
Solana developers outline plan to protect network from quantum threats
The Solana Foundation says it has a plan for dealing with future quantum computing risks, outlining in a new blog post how its developers...
