XRP Expected to Reach $9.69 Target Amid Altcoin Market Optimism

Analyst @CryptoinsightUK identifies XRP as a key player in the upcoming market advance, outlining a five-wave structure with targets of approximately:

Wave 3 at $6.50
Wave 4 above $5
Wave 5 at $9.69

The analysis highlights XRP's relative strength compared to Ethereum, noting its resilience around all-time highs and potential for further gains amid speculation about an ETF launch.

Key points include:

Potential for Bitcoin to dip short-term before an upswing favoring assets like XRP.
XRP's outperformance against Ethereum, which struggles to regain its all-time high.
A bullish macro environment suggested by stock indices showing expansion.
Pivotal liquidity maps indicate sharp moves above current ranges for Bitcoin, targeting $144,000 and beyond.
Historical patterns suggest Bitcoin bottoms may coincide with gold's market behavior.
Total2’s past rally pattern indicates a possible altcoin boom if Bitcoin reaches new highs.

Caution is advised due to recent declines in whale holdings and sliding net unrealized profit/loss metrics. The scenario presents XRP as positioned for leadership, contingent upon favorable market developments.

At press time, XRP was trading at $2.975.