XRP News Today: Bitcoin May Surge to $264,000, Says Crypto Analyst

Generated by AI AgentCoin World
Friday, Jul 4, 2025 7:51 am ET1min read
BTC
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A crypto strategist known for making timely

Bitcoin
calls believes that BTC will print an astronomical new all-time high before the current cycle is over. The pseudonymous analyst Credible Crypto, with 468,800 followers on the social media platform X, suggests that Bitcoin is likely on the verge of an explosive breakout from its trading range. According to the analyst, the bid on BTC is relentless, and when it finally breaks out of its current range, it will leave people in awe.

Credible Crypto responded to a comment by crypto investor TraderJB, who suggested that Bitcoin’s fifth wave may extend nearly 4.236 times the net travel of waves one through three based on historical precedence. This would put BTC at a cycle peak at around $264,000. The analyst uses Elliott Wave theory, which depicts price movement in a series of waves based on crowd psychology. Under this theory, price impulses to the upside happen in five main waves, and according to the trader, BTC is in the midst of its fifth and final wave.

Credible Crypto noted that while the expected target, if it happens a third time, does fall within the range that he has been talking about for years for the end of this final fifth wave (above $100,000, below $300,000), there is still a significant amount of price action to develop to the upside before a better estimate of where the final push may land can be made. He keeps this in the back of his mind as a possibility.

Next, the analyst suggests that

Ethereum
(ETH) may surge to around $3,400 if BTC breaks out. He mentioned that if this plays out on BTC, he would be looking for something similar on ETH, with one more month of chop before a full send. Ethereum is currently trading at $2,594.

Lastly, the analyst predicts that payments blockchain token XRP may hit about $18 this cycle, after buying the

digital asset
for $0.18 in 2019. He expects XRP to be up over 100x, although it is taking a bit longer than expected. The analyst suggests that XRP first needs to break through a key resistance level against BTC (XRP/BTC) at 0.00002162 BTC ($2.36) to hit his double-digit price target. XRP/BTC is currently trading at 0.00002063 BTC ($2.26).