thecryptobasic.com
Optimism is brewing in within crypto circles about the return of another bull run, with attention on XRP, Bitcoin, and Ethereum to see how high they could go.
Earlier today, Bitcoin reclaimed $105,600 after previously dipping to $103,300. The resurgence followed the Fed’s decision to hold rates, temporarily boosting investor sentiment. Meanwhile, Ethereum continues to hold above $2,500 despite the prevailing cautious sentiment in the market.
XRP is also holding the $2.15 level, up just 1% today. The overall crypto market posted a mild 0.5% gain, maintaining a value above $3.25 trillion. While the market remains largely passive amid tensions in the Middle East, market commentators see reasons to be optimistic about another wildly bullish phase like the one seen in January.
Now, conversations have emerged about which crypto asset could lead the expected bull run. In a tweet, crypto investor Paul Barron triggered a discussion about which coin among Bitcoin, Ethereum, and XRP could be the first to soar to massive heights.
Specifically, he asked which would happen first: Bitcoin reaching $120K, XRP hitting $5, or Ethereum reclaiming $4,000.
Community Believes XRP Will Reach $5 First.
Though the number of respondents was limited, most believe XRP is the most likely to get there first. Specifically, 44.4% of the voters suggested that XRP reaching $5 would happen first, while 40.8% predicted Bitcoin would hit $120K first. Only 14.8% believed Ethereum reclaiming $4,000 would occur first.
Currently, XRP is trading at $2.15. The road to $5 is quite formidable, as it would require a surge of 132.55%. Moreover, $5 would mark a new all-time high for XRP, which has traded below its peak for nearly eight years. In other words, XRP faces several resistance barriers before breaking into new price discovery.
It must first reclaim the $3 psychological level, where natural selling pressure could hinder progress. If it successfully overcomes this, the next major barrier is its previous peak of $3.84, before entering price discovery.
Notably, many believe XRP could soar beyond $10 this year if the bulls return in full force.
Bitcoin’s Journey
On the other hand, Bitcoin has a relatively less challenging path. It only needs to rise about 14% from its current level of $105,000 to reach $120,000. However, it may face resistance at the $110,000 and $111,000 psychological levels. These levels proved significant earlier this month when Bitcoin briefly reached them before dipping.
In the likely return of a bullish market, experts are nearly unanimous in their belief that Bitcoin could end this cycle with a peak price above $200K.
The Case for Ethereum
As for Ethereum, reaching $4,000 would still place it below its all-time high of $4,891. Yet, reclaiming this crucial psychological level would be a significant milestone, as ETH has been trading below it since December 2024. From its current level around $2,520, a move to $4,000 would require a 59% increase.
While Ethereum has largely underperformed this year, analysts believe it still holds strong potential to turn things around. Some ambitious forecasts even suggest ETH could reach as high as $10,000 in this bull cycle.