Over the past several days, altcoins have been on a tear, with major names like Ethereum (ETH), XRP, and Solana breaking through key resistance zones after spending months stuck in sideways price action. Traders have been celebrating the green candles, and the bullish momentum has felt unstoppable — until now.
Just as the excitement ramps up, a popular crypto analyst is warning that a short-term pullback could be right around the corner.
Crypto analyst Josh from the YouTube channel “Crypto World” (with over 300,000 subscribers) just dropped a fresh update – and it’s packed with key warnings and opportunities for altcoin traders…
What you'll learn 👉
What’s Behind the Pullback?
According to Josh, multiple crypto assets are showing signs of being overbought, especially on shorter timeframes. For Ethereum and XRP, he pointed to things like bearish divergences and resistance levels that are holding the price back.
In Ethereum’s case, the price just touched around $2,500, showing some strength, but it’s now running into major resistance between $2,700 to $2,800. Josh expects that the ETH price may need a breather here. That could mean sideways consolidation or a slight dip – nothing dramatic, but enough to cool things off.
For the XRP price, things look a bit different. It just invalidated a months-long bearish divergence, and is pushing toward a breakout above $2.46 to $2.58. That’s a big deal. But Josh was careful to mention that the breakout isn’t fully confirmed yet. If XRP fails to close above that resistance, we could see a short-term pullback there too.
| 🪙 Crypto | Pullback Expected? | Key Resistance | Support Zone | Overall Outlook |
|---|---|---|---|---|
| ₿ Bitcoin | Yes (short-term) | ~106K, then 108K–109K (ATH zone) | ~102K–102.8K | Short-term cool-off, long-term bullish |
| Ξ Ethereum | Yes (short-term) | 2.7K–2.8K | ~2.3K and 2.1K | Healthy pullback expected, bullish trend |
| 💧 XRP | Possibly | ~2.46–2.58 (needs breakout) | ~2.15–2.20 | Breakout attempt; bullish if confirmed |
| ⚡ Solana | Yes (minor expected) | 179–180, then 191–200 | 167–168 | Bullish divergence still in play |
| 🔗 Chainlink | Yes (short-term likely) | 17.50–17.60 | 14.90–15.50 | Overbought, resistance rejection possible |
Why Bulls Shouldn’t Panic
Josh emphasized that pullbacks like this are normal and even healthy during uptrends. When the RSI gets too high or the price pushes into strong resistance, a bit of a cool-off can actually help set the stage for bigger gains later.
Here’s a quick summary of what to watch for:
- Ethereum: Resistance around 2.7K to 2.8K, likely short-term pullback or chop.
- XRP: Key breakout level at 2.58. Pullback possible if not confirmed.
- Altcoins in general: Many are overbought and may dip slightly, especially if Bitcoin cools off too.
Bigger Picture Still Bullish
Despite the short-term caution, Josh remains bullish on the overall market. The stock market is showing strength, Bitcoin’s weekly MACD just turned bullish, and larger timeframes for many altcoins still point up.
For XRP holders, a confirmed breakout could kick off a major rally. For Ethereum, getting above that golden pocket could clear the way to $3,250 and beyond.
So yes, a pullback might be incoming – but for smart traders and long-term bulls, this could be a setup worth watching closely.
Read also: Crypto Veteran Warns: XRP Triangle Breakout Could Shock the Market
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