XRP, Now is Not the Time to Buy...Expert: "Wait Until Bitcoin Falls to $60,000"

▲ XRP

As the possibility of further correction in Bitcoin (BTC) has been raised, an analysis suggests that XRP investors should delay their buying timing. The market is assessed to have entered a mixed phase where short-term declines and long-term upward signals appear simultaneously.

Benzinga reported on April 28 (local time) that analyst Cryptoinsightuk diagnosed that Bitcoin's 4-year cycle model is currently under pressure. He mentioned the possibility that the market has already formed a peak and entered a bearish phase, suggesting the possibility of forming a bottom in mid-2026. Along with this, he urged caution from altcoin investors, including XRP.

Technical indicators are sending mixed signals. A bullish golden cross formed on the weekly Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI), suggesting long-term upward potential. At the same time, negative funding rates appeared, indicating a trend similar to accumulation phases just before past rallies. The assessment is that long-term fundamental strength is maintained.

However, the short-term price structure is still under downward pressure. The analyst judged that Bitcoin is likely to undergo a correction to around $60,000, emphasizing that this range could be the most favorable entry point for altcoin investments. XRP also showed a similar chart pattern to Bitcoin, raising the possibility of a concurrent correction.

The next 1-2 months are considered a critical period for determining the market direction. If Bitcoin breaks through key resistance levels, this correction could be interpreted as a mid-cycle correction. Conversely, if it lowers its bottom again, the 4-year cycle downward pattern is likely to strengthen.

As market volatility expands, analysts emphasize a data-driven approach rather than hasty purchases. Santiment on-chain metrics also reflect short-term anxiety through large investor movements and changes in exchange volumes. Investors are closely examining liquidity changes and market timing based on Bitcoin's price movements.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*