Despite turbulence in the crypto market, some analysts remain confident that Bitcoin, Ethereum, and XRP could rebound to record-breaking levels. Tony Edwards, host of the Thinking Crypto podcast, envisions a renewed bullish trend that could drive these digital assets to new all-time highs.
The recent downturn has affected the broader crypto market, erasing much of the value gained following Donald Trump’s re-election in November 2024. For instance, Bitcoin, which hit an unprecedented $109,114 on January 20 (Inauguration Day), has fallen 24.12% to $82,787.
Similarly, Ethereum, after crossing the $4,000 mark in December, has retraced significantly to $1,897. Meanwhile, XRP, which briefly became the third-largest cryptocurrency by market capitalization, has slipped back to fourth place. After reaching $3.38 on January 16, the asset has tumbled 32.54% to $2.28.
This market-wide dip has affected several leading assets, dampening investor enthusiasm.
Despite the current downturn, Tony Edwards believes the market could make a dramatic comeback. He predicts a strong surge in Bitcoin, Ethereum, and XRP prices over the next two months.
His optimistic projections place Bitcoin at $145,000, Ethereum at $7,000, and XRP at $5. Achieving these levels would mean Bitcoin surging 75.14%, Ethereum climbing 269%, and XRP appreciating 119% from their respective current values.
If Bitcoin hit $145,000, its market capitalization would expand to $2.87 trillion. Similarly, Ethereum and XRP would see their valuations rise to $844.37 billion and $290.54 billion, respectively.
Edwards did not point to a specific catalyst that might fuel these gains. Edwards’ post may generate interest and discussion among his 131,000 X followers, potentially influencing sentiment in the crypto community.
Edwards is not alone in his bullish stance. Other market experts have projected similar price targets for these digital assets.
CryptoQuant has estimated that Bitcoin could surpass $145,000, citing favorable regulatory policies and rising institutional demand as key drivers.
Likewise, Ali Martinez, a well-known crypto chart analyst, previously forecasted that Ethereum could reach $7,000 this cycle, a prediction echoed by top asset manager Bitwise, which also expects Ethereum to hit this milestone.
Meanwhile, pseudonymous analyst Altcoin Moe has suggested that XRP is poised for a breakout, projecting a new all-time high of $5. Martinez reiterated this possibility, stating that XRP must break above $3 before moving toward this ambitious target.
Although these projections paint a promising picture, investors should remain cautious. Cryptocurrency markets are highly volatile, and while bullish forecasts may spark optimism, they are still speculative. A prudent approach is essential when navigating the unpredictable landscape of digital assets.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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