XRP News Today: Bitcoin Completes 5-Wave Pattern as Altcoins Signal Major Gains

A recurring technical pattern historically linked to major cryptocurrency bull runs is once again emerging, drawing attention from analysts and traders across the market. This pattern, noted for its accuracy in predicting previous surges, suggests the market may be entering a new phase of growth, particularly for altcoins. The pattern typically begins with Bitcoin leading the charge, followed by a surge in Ethereum and other major altcoins as bullish momentum spreads [1]. Analysts have observed increased activity in presales and market participation, indicating a potential shift toward a more bullish phase [1].

Bitcoin’s current technical structure is seen as another key indicator. According to market analyst XForce Global, Bitcoin has completed a 5-wave impulse pattern, a classic sign of a potential pullback before a further upward push [2]. This suggests Bitcoin may consolidate for a short period before resuming its upward trajectory, a pattern observed in past bull cycles. If this holds, it could provide a strong foundation for altcoins to follow suit.

Ethereum and other altcoins are already being projected for significant gains in the coming months. Analysts have set bold price targets, with Ethereum potentially surging to $12,000, XRP aiming for a run toward $15, and Solana expected to climb toward $550 [3]. These projections are based on current technical indicators and market sentiment, not speculative forecasts. The XRP market, in particular, is showing strong signs of momentum, with whales pouring over $1 billion into the asset, indicating increased confidence and positioning for a potential breakout [10].

One of the most notable developments is the legal resolution between Ripple and the SEC. The joint dismissal of appeals has removed a major cloud of regulatory uncertainty, allowing XRP to trade more freely and attract institutional attention. Additionally, Ripple's $200 million acquisition of Rail, a stablecoin platform, has expanded XRP’s use cases and opened new avenues for growth [10]. Technically, XRP has formed an inverted hammer candlestick pattern after a period of selling, signaling a potential reversal and renewed bullish sentiment [10].

The market is also entering a phase often referred to as the "altcoin explosion," where Bitcoin’s initial gains are followed by a broader rally across the sector. In previous bull runs, Ethereum and other altcoins like Ontology ($ONT) and VeChain ($VET) have seen massive surges after Bitcoin led the charge [6]. This pattern appears to be repeating, with Ethereum already showing signs of strength and smaller altcoins beginning to gain traction.

However, the market remains mixed, with some assets showing signs of consolidation while others continue to rise. For example, Bitcoin Cash (BCH) and Cronos (CRO) have recently seen strong rallies, but other coins like Pi Network (PI) face risks of a 10% decline if key support levels fail [4]. Analysts emphasize the importance of watching key levels and resistance zones, particularly for XRP, where Michael van de Poppe has identified two crucial price points to monitor [5].

As the market moves forward, the focus will be on whether the bullish pattern continues to hold and if the influx of capital into altcoins leads to a broader market rally. If the current technical and fundamental indicators remain intact, the next phase of the bull run could see Bitcoin and major altcoins reaching new all-time highs, repeating the success of previous cycles.

Sources:

[1] This Crypto Pattern Has Predicted Every Bull Run – https://en.bitcoinsistemi.com/this-crypto-pattern-has-predicted-every-bull-run-is-it-flashing-again/

[2] Here's Why a Possible Bitcoin Pullback Could Happen – https://thecryptobasic.com/2025/08/12/heres-why-a-possible-bitcoin-pullback-could-happen-before-a-push-toward-140k-148k/

[3] Ethereum to $12K, XRP to $15 and Solana to $550 – https://news.az/news/ethereum-to-12k-xrp-to-15-and-solana-to-550-here-are-the-bull-market-top-price-predictions

[4] Pi Network Price Forecast – https://www.mitrade.com/insights/news/live-news/article-3-1031580-20250812

[5] Top Analyst Reveals Two Crucial Levels to Watch for XRP – https://thecryptobasic.com/2025/08/12/top-analyst-reveals-two-crucial-levels-to-watch-for-xrp-price-action/

[6] The Altcoin Explosion Phase – https://medium.com/inside-the-trade/the-altcoin-explosion-phase-ont-and-vet-primed-for-massive-moves-2630105cde8f

[10] XRP Price Prediction – https://thetradable.com/crypto/xrp-price-prediction-crypto-whales-just-bet-1-billion-on-this-breakout-1--v