Despite recent downturns in the cryptocurrency market, one expert is optimistic about a potential resurgence in the coming months. Tony Edwards, the host of the Thinking Crypto podcast, has presented a bullish scenario where Bitcoin, Ethereum, and XRP could reach new all-time highs (ATHs) within the next two months, igniting hope for investors.

Bitcoin, Ethereum, and XRP Fall From Recent Highs

Over the past couple of months, Bitcoin (BTC), Ethereum (ETH), and XRP have seen significant losses. Bitcoin, which hit a peak of $109,114 on Inauguration Day, January 20, has since dropped by 24.12%, trading at $82,787. Ethereum, which had surged above $4,000 in December, now stands at $1,897. XRP, which became the third-largest cryptocurrency by market capitalization following a post-election rally, has fallen from its January high of $3.38 to $2.28, representing a 32.54% decline.

These price declines have reflected broader market weakness, but Edwards believes there is still room for a major comeback in the next few months, particularly if a strong rally takes hold.

Edwards’ Optimistic Price Predictions for Crypto Assets

In his recent post, Edwards outlined an ambitious scenario where the three leading cryptocurrencies—Bitcoin, Ethereum, and XRP—could experience significant price surges over the next two months. According to Edwards, Bitcoin could rise to $145,000, Ethereum to $7,000, and XRP to $5.

These predictions represent considerable gains from their current levels:

• Bitcoin would rise 75.14% from $82,787 to $145,000.
• Ethereum would see a 269% increase from $1,897 to $7,000.
• XRP would climb 119% from $2.28 to $5.

Achieving these targets would also bring about massive shifts in market capitalization. Bitcoin would hit a market cap of $2.87 trillion, Ethereum would reach $844.37 billion, and XRP’s valuation would rise to $290.54 billion at these projected price levels.

What Could Drive These Surges?

Edwards did not offer specific catalysts behind these predictions but pointed out that the post was primarily to generate discussion and excitement among his followers. With over 131K followers on X (formerly Twitter), Edwards aims to raise a conversation and possibly invoke some FOMO (fear of missing out) among crypto enthusiasts.

Despite the speculative nature of the post, Edwards’ prediction taps into growing optimism in some sections of the crypto community, where many believe that factors such as regulatory developments, increased institutional adoption, and strong market fundamentals could drive prices higher.

Similar Predictions by Other Experts

Edwards’ projections are not isolated in the crypto world. In January, CryptoQuant issued a similar forecast, predicting that Bitcoin could reach a minimum price of $145,000 in 2025, fueled by favorable pro-crypto regulations and continued institutional interest.

Also, crypto analyst Ali Martinez has previously predicted that Ethereum could hit $7,000 during the next bull cycle, a view supported by leading asset management firm Bitwise, which also forecasted Ethereum’s rise to $7,000 this year.

Similarly, pseudonymous crypto analyst Altcoin Moe believes that XRP could register a new ATH of $5 in the current cycle. Martinez, too, has suggested that XRP needs to break above the $3 level before it can achieve that target, hinting at a possible surge in momentum if the resistance level is cleared.

Investing in Crypto: Proceed with Caution

While these predictions are optimistic, investors should always be cautious, especially in the volatile world of cryptocurrency. The past few months have shown that the market can change rapidly, with prices fluctuating based on broader economic conditions, market sentiment, and unforeseen events.

As always, anyone considering investing in Bitcoin, Ethereum, or XRP should approach with caution, conducting thorough research and understanding the risks involved.