Crypto’s potential as a financial haven depends on adoption and long-term value, both shaped by public interest and market trends.

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Bitwise Chief Investment Officer Matt Hougan has declared the traditional 
four-year cryptocurrency cycle dead.

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Analysts suggest that while bitcoin may test its all-time high, it could first 
experience a slight drop. B2binpay analysts believe bitcoin is entering a 
crucial range between $115,365 and $111,945, which could lead to upward 
movement. Analyst Predictions: Nearing All-Time High? On July 25, bitcoin 
(BTC) declined below $115,000, triggering the liquidation of millions of […]

Bitcoin Must Stay Above $98K to Avoid Bearish Breakdown, Experts Say

Bitcoin exchange-traded funds (ETFs) have permanently reduced volatility and 
altered Bitcoin market dynamics, according to analysts.

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Central banks shift from dollar to gold, while Bitcoin gains quiet traction in 
sovereign reserve discussions.

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Renowned market expert with X username CasiTrades has shared an interestingly 
bullish insight on the XRP market. Notably, this price forecast comes 
following a broader crypto market correction in the past week, during which 
XRP has registered a 6.74% price decline. XRP Bulls Eye Return To ATH After $3 
Retest In an X post on July 25, CasiTrades shows that XRP is on the brink of a 
major price surge based on the indications of the Elliot Wave Theory &#8211; a 
technical framework that proposes that price movements occur in five 
repetitive waves. Amidst the price decline in the last week, XRP failed to 
hold above the critical $3.21 price level, forcing a retrace to retest the 
major $3.00 support zone, resulting in a slight price bounce. Despite this 
bearish event, the analyst notes encouragingly that the altcoin did not form a 
new price low, suggesting the larger bullish structure remains intact. Related 
Reading: XRP To $10? Basketball Legend’s Poll Puts Crypto On Center Court 
CasiTrades explains that XRP’s latest retracement reached a deep 0.854 
Fibonacci level, a classic reversal zone for second waves in a bullish five- 
wave structure. This deep pullback, combined with the strong bounce off $3.00, 
signifies the potential bottom of Wave 2. If bulls can hold the price above 
this support, this sets the stage for the beginning of Wave 3, the strongest 
and most explosive leg in the Elliott Wave Theory. For context, the Elliot 
wave theory begins with an initial price rise, i.e, Wave 1, followed by Wave 
2, a pullback that doesn&#8217;t breach the starting point. Wave 3 is usually the 
strongest and longest, driven by increased participation and bullish momentum. 
Meanwhile, Wave 4 brings another correction, often less severe than Wave 2, 
before Wave 5 pushes prices to a final high. For Wave 3 to commence in the 
present market, CasiTrades states the next price target lies at the $3.21 
region, which represents a crucial resistance. If XRP produces a sustained 
breakout above this price barrier, it validates the proposed bullish scenario. 
In this case, the analyst identifies an immediate price target of $3.82, which 
aligns with the 2.618 Fibonacci extension of the prior move. Interestingly, 
this price zone also represents XRP’s all-time high on certain markets. This 
confluence strengthens confidence in the bullish scenario, especially 
considering that if the Elliott Wave structure plays out fully, a Wave 5 rally 
could propel the altcoin into uncharted price territory. Related Reading: 
Bitcoin Eyes Bounce off This Support Level In Reversal Campaign For $121,000 
XRP Price Overview At the time of writing, XRP is valued at $3.20 following a 
price rebound of 5.52% in the past 24 hours. Featured image from Pexels, chart 
from Tradingview