TL;DR

• Despite its substantial price surge in the past several months, XRP failed to break its 2018 all-time high but came agonizingly close.
• It has retraced substantially since then, alongside the rest of the market, but ChatGPT believes there are certain factors that could restart its bull run.

What Happened With XRP?

CryptoPotato reported recently that everything seemed to be going in Ripple’s way ever since the US elections in November last year. Trump’s victory meant an upcoming regulatory change, which was particularly important for the company due to its long-standing legal fight against the local securities watchdog.

That lawsuit has effectively ended now, just a few months after Trump’s promised changes came into effect. XRP was name-dropped by the same POTUS to be potentially included in the country’s strategic crypto reserve. There are multiple companies that had filed to launch their own exchange-traded funds tracking XRP’s performance.

More recently, another massive development was announced as the company bought a large prime broker for $1.25 billion, which is set to be a game-changer for Ripple and its cross-border token.

Yet, XRP’s biggest gains came in the months leading to the actual changes, lawsuit closure, and big purchases, which brought speculations on whether that run was just another classic ‘sell-the-news’ event. The asset peaked in January this year at $3.4, thus matching its record from seven years ago. Since then, it has been mostly downhill, and XRP even slipped below the coveted $2 support on several occasions.

Can the Bull Run Start Over?

While analysts have their own view on what can restart XRP’s bull run, we decided to ask ChatGPT for its own take. The AI chatbot outlined the aforementioned Ripple ETFs that have to be approved to impact the asset’s price because they can ‘open the gates to institutional flow, like we saw with Bitcoin.’

Second, ChatGPT listed the dire market conditions as of late. An improvement on that front could propel another price surge for XRP, which outperformed most crypto assets during the November-January run.

The AI machine sees utility growth and adoption for Ripple’s cross-border payment systems, as well as major partnerships, as the next potential reasons that could lead to an XRP price pump.

Whale activity is also important for the price movements of a crypto asset, and ChatGPT noted that many such market participants have disappeared from the XRP landscape as of late. If they return with massive purchases as they did after the elections, the asset could go parabolic once again.

Lastly, the chatbot mentioned that XRP needs to break out of the crucial resistance levels at $2.5 and $3 to aim for a new all-time high.

“A clean breakout from these resistance zones, with volume, could trigger momentum traders and algorithms,” ChatGPT concluded.

Bitcoin’s price actions took a turn for the better in the past few days, and the asset jumped to $84,000 for the first time in about a week.

The altcoins have also charted impressive gains over the last 24 hours, with SOL emerging as the top performer from the largest 10 alts.

BTC Eyes $84K

It was another wild trading week in the cryptocurrency space, mostly due to US President Trump’s ongoing Trade War with multiple countries. We talked a lot about the moves he made, the retaliation, as well as how each development caused substantial volatility in the market, you can check that here.

Overall, BTC’s weekly low was quite painful. It came on Monday (and was almost mimicked on Wednesday) when the asset plunged to a five-month low of just over $74,000. Thus, it had dropped by $14,000 since the previous Wednesday.

However, the cryptocurrency reacted well to the tariff pause against nearly every country (aside from China, when the situation escalated) and jumped above $82,000 on Wednesday evening. Perhaps driven by the favorable US CPI data for March, bitcoin kept climbing and tapped $84,000 on Friday and earlier on Saturday for the first time since the previous weekend.

It now stands close to that level, with its market cap rising to $1.660 trillion on CG, and its dominance over the alts at 60.5%.

SOL Rises

Most altcoins have turned green today, and the larger caps are led by Solana’s native token. SOL has gained around 6% and now sits close to $125 after slipping into two-digit territory earlier this week.

Ethereum stands at $1,600, XRP is well above the coveted $2 support, DOGE is up by 3.5%, while TRX has tapped $0.25. In contrast, TON and HBAR are with minor losses.

PI has gained the most from the top 50 alts, having surged by 12% and trading above $0.65. ONDO follows suit with a 6% increase.

The total crypto market cap is up by over $50 billion overnight to $2.745 trillion on CG.

Bitcoin has found support at the key $80K level, prompting a bullish rebound. However, the 200-day moving average now acts as a significant resistance, suggesting a likely consolidation phase within the $80K–$87K range in the short term.

Technical Analysis

By Shayan

The Daily Chart

Bitcoin has recently printed a bullish rebound after finding strong support at the key $75K–$80K range. This area has historically acted as a psychological and technical floor, and the bullish divergence between the RSI and price confirmed a slowdown in bearish momentum, signaling renewed buyer interest.

However, the current rally is approaching a critical resistance level, the 200-day moving average at $87K.

This MA serves as a dynamic resistance zone and could cap the price in the short term. As a result, Bitcoin is likely to continue consolidating within the $75K–$87K range until a decisive breakout occurs. If bulls succeed in pushing above the 200-day MA, the next major target lies at the psychological $100K level.

The 4-Hour Chart

On the lower timeframe, Bitcoin found strong support at the midline of the descending channel, prompting an impulsive surge, a potential signal of accumulation at these levels. The price is now testing the upper boundary of the channel near $84K.

A confirmed breakout above this trendline and the previous swing high would invalidate the bearish structure, opening the path toward the key $90K resistance zone.

Conversely, failure to break above this level would reinforce the current bearish market structure, likely resulting in renewed downward pressure in the mid-term.

On-chain Analysis

By Shayan

The Realized Cap UTXO Age Bands (%) is a powerful on-chain metric that breaks down Bitcoin’s realized cap by the age of UTXOs (unspent transaction outputs), offering insight into investor behavior based on holding duration.

According to the most recent data, the share of coins held by the 3–6 months and 6–12 months cohorts has been climbing steadily. This rise closely mirrors the accumulation patterns seen during the prolonged correction in the summer of 2024, reflecting growing conviction among holders.

This behavior points to a “hodling” trend, where investors keep their coins despite the ongoing market correction, refraining from selling even in the face of volatility. As more coins move into the hands of long-term holders, the available circulating supply shrinks, increasing Bitcoin’s scarcity.

Historically, such supply constraints, when met with renewed demand, have been catalysts for strong price rallies. These dynamics often set the stage for price discovery and new all-time highs.

Therefore, the current on-chain structure indicates that the ongoing drawdown is less likely to be the beginning of a bear market and more likely a healthy correction within a broader bullish cycle.