Ripple (XRP) Is Copying Its 2020 Pattern, Expert Predicts a $12K Price Point for Ethereum (ETH)

Recently, the price of XRP and the Ethereum price have seen some growth. Notably, both the value of Ripple and Ethereum have experienced double-digit rises in the past seven days. People are also excited, thanks to expert Merlijn the Trader, who has noticed that Ripple is now replicating its 2020 pattern bar by bar. Furthermore, Crypto GEMs forecasts a $12K price point for Ethereum. Due to all these factors, traders are looking at XRP and ETH as altcoins to watch.

Merlijn the Trader: The Price of XRP Could Reach $10

Ripple (XRP) is one of the top altcoins and has seen a recent surge in its price chart. CoinMarketCap info shows that the price of XRP jumped nearly 20% on the one-week chart. In that period, the Ripple value grew from around $3 to over $3.50.

Market analyst Merlijn the Trader thinks that this bullish momentum will continue for Ripple (XRP). According to his X post, XRP is copying its 2020 pattern bar by bar. If history repeats itself for Ripple, the price of XRP could soon soar to $10.

Recently, Amonyx revealed that the White House will release its first crypto policy report this week, which could also include Ripple. If this does happen, interest in XRP may also rise. Thus, traders are viewing this Ripple price prediction as potentially viable.

The Ethereum Price May Soar to $12K As per Crypto GEMs

Ethereum (ETH) is one of the top 10 altcoins and has also been riding a bullish wave. Over the past seven days, the Ethereum price has increased from approximately $3,000 to over $3,800, according to CMC data. In other words, nearly a 25% jump for Ethereum in a short time.

Not only that, people are excited thanks to a bullish Ethereum price prediction from expert Crypto GEMs. In a recent post, Crypto GEMs told his X followers that Ethereum looks ready for a parabolic run. He foresees the Ethereum price potentially soaring to $12,000 in the near future.

There were some exciting developments for Ethereum (ETH) as Sharplink Gaming announced it would conduct a $6 billion share sale to acquire 1% of all ETH in circulation. These factors are why people remain excited about the growth potential of the Ethereum price.

The Potential of Ripple (XRP) and Ethereum (ETH)

As the price of XRP and the Ethereum price are on an uptrend, a lot of signs point to their continued growth. For instance, if the crypto policy report also focuses on Ripple, demand for this altcoin may skyrocket. Once that happens, the value of XRP is bound to increase. Meanwhile, Sharplink Gaming’s potential purchase of 1% of all ETH in circulation could trigger a massive uptrend. Therefore, these tokens are some of the most promising altcoins to watch.