XRP News Today: Altseason Peak Nears as XRP Gains 100% on Banking License Bid

Altcoins are currently showing strong bullish signals, with many analysts predicting that the peak of altseason is approaching. This anticipation is second only to the expectations for Bitcoin (BTC) to set a new all-time high (ATH) in the coming days. Several altcoins are displaying bullish price indicators, and Ripple’s XRP is among those showing particularly promising signals as the altseason peak phase nears. One analyst has even suggested that the upcoming altseason could be one of the most significant in crypto history.

Expectations for the altseason peak have been growing since Bitcoin's recovery at the start of the second quarter. Initially, the first quarter was anticipated to bring the bullish peak phase of this ongoing bull cycle. However, due to Bitcoin's irregular pump, where it set a new ATH before the Bitcoin Halving event, the altseason peak phase was delayed. Typically, the first quarter following a Bitcoin Halving year is when altcoin prices are expected to begin their pump and usher in the peak altseason phase. Since Bitcoin started its earlier pump this cycle, it entered a prolonged correction phase in the first quarter, resulting in a delayed altseason phase. Analysts now expect the latter half of the year to bring altseason, once the price of Ethereum (ETH) begins to pump.

Many analysts have emphasized that the peak phase of altseason will not arrive unless the price of ETH pumps and sets new ATHs. While ETH and other altcoins have been showing highly bullish indicators, their significant pump has yet to begin. One analyst marked the upcoming altseason as potentially the most important in crypto history, highlighting a chart that shows the black resistance line, which has been touched again after more than four years. Each time this pattern played out, whether in 2019, 2020, or 2021, a strong rally for altcoins followed soon after. This pattern could be one of the most bullish indicators highlighting the arrival of altseason.

Reputed analyst Doctor Profit, known for his accurate predictions, shed light on a bullish move from Ripple’s XRP. Specifically, he mentioned that Ripple recently applied for a Banking License in the USA. This move adds to the bullish price pump expectation for XRP, with the analyst predicting that XRP could hit its next ATH targets of $4.8 and $8 soon. This development, combined with the broader bullish indicators for altcoins, suggests that the crypto market is poised for significant growth in the coming months.