Economist and macro strategist Henrik Zeberg is forecasting that the S&P 500 index could go up by double-digit percentage points over the coming months.

In an interview on the WTFinance podcast, Zeberg says the markets are primed for an explosive rally over the short term.

“I think the blow-off top is still going and you see it in various markets around the world… actually [markets] have seen new all-time highs after everybody kind of dismissed that in April, we could see that. Now we are seeing it.”

According to the economist and macro strategist, the S&P 500 index could go up by around 13% from the current level.

“I still think that things will be moving on like what I’ve been expecting in terms of a 6,800 top in the S&P [500] as a minimum.”

As of Tuesday’s market close, the S&P 500 is trading at 6,025 points.

Although Zeberg forecasts rallies in the stock market, he cautions that a recession is likely to follow as the economy shows signs of gradual erosion.

“We’re getting closer and closer [to a recession]. There are more and more signs now that the deterioration is going through. It’s really in the housing market that is the worst in the US. And we’re starting to see some signs as well in the real economy and in the labor market as well.

So I think we will see that things slowly, as always, start to roll over.”

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A closely followed analyst believes that gold’s bull market has entered a stage where the precious metal could go higher for longer.

Pseudonymous analyst Dave the Wave tells his 149,500 followers on the social media platform X that gold is at a point in its parabolic rally where the precious metal could easily print 2x gains.

The trader shares a chart suggesting that gold’s parabolic surge began in 2016 and could extend up to 2028 to hit a massive price target of $7,500.

“Gold entering its parabolic blow-off stage…” 

At time of writing, gold is worth $3,341.

Turning to Bitcoin, the analyst thinks that BTC is following in the bullish footsteps of gold after the crypto king took out resistance at $90,000.

“BTC is showing strength in uncertain markets due to its function as digital gold, in my opinion.”

At time of writing, Bitcoin is trading for $93,559, up over 7% in the last 24 hours.

Other market analysts are also bullish on gold and Bitcoin. Adam Kobeissi, the founder and editor-in-chief of The Kobeissi Letter, says that both BTC and gold are surging higher as market participants rush to seek shelter in safe-haven assets.

“Gold and Bitcoin are now aligning for the first time in months.

Since April 7th, Gold is up over 15% while Bitcoin is up over 12%.

Why is this happening?

Markets are pricing-in US Dollar weakness and more instability.

Bonds are no longer a preferred safe haven.” 

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In a newly published chart analysis, crypto analyst Egrag (@egragcrypto) posits that XRP may be on the cusp of a significant price breakout reminiscent of its previous cycle peaks. The data, which spans from late 2013 through 2025, highlights multiple instances in which XRP went through a protracted bear market before staging an explosive rally. Two particular examples stand out in Egrag’s assessment: the 2017 surge in which XRP rose over 2,700% from its pre-rally price levels, and the 2021 run-up that saw the asset climb by more than 1,000%.

Egrag Predicts XRP Surge To $19–$45

The chart reveals a consistent framework that relies on the interplay between the 21-week Exponential Moving Average (EMA) and the 33-week Simple Moving Average (MA). These moving averages are shown crossing during bearish cycles and then eventually curving upward, implying the formation of a bottom.

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Historically, XRP’s final bullish legs—often culminating in “blow-off tops”—began once the price retook the 21 EMA and the 33 MA, with the 777-day (and in one instance, 770-day) window before those bullish crosses recurring as a noteworthy time cycle. “Men lie, women lie, but charts don’t,” says Egrag. “I’m not improvising here; I’m relying on historical data to present future predictions. Will it rhyme exactly? No, because if it were that easy, everyone would be a multimillionaire!”

According to the chart, XRP has already mirrored some of the patterns seen in 2017 and 2021, a parallel that leads Egrag to posit two potential price targets if the token completes another blow-off top scenario. While he acknowledges various complicating factors, the analyst believes XRP could rally as much as 2,700%—taking the asset to approximately $45—or, in a more moderate iteration, 1,050% to just below $20. “Now, here’s my measured move: if #XRP mimics either of these cycles, we could see price movements of 2,700% or 1,050%, putting XRP around $45 or $19!” he notes, referencing the previous explosive expansions.

Egrag cites past cycles to support these targets, pointing to how XRP found support at the 21 EMA in 2017 just before launching into its last blow-off phase. In 2021, the coin rallied once it decisively broke above both the 21 EMA and 33 MA.

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To underscore the method behind using both indicators, Egrag adds that “market makers use the same moving averages to see where support and resistance are and act against us. So I am using different moving averages—one is fast (exponential) and one is simple—to understand price action better.” He emphasizes these signals are lagging indicators but can still confirm whether market sentiment is shifting from bearish to bullish.

Notably, Egrag’s personal long-standing target for XRP has been $27. He underlines that nothing is guaranteed, especially in a market characterized by what he calls “human reactions and behaviors.” Quoting a line from the film Margin Call, he explains, “You cannot control it, stop it, or slow it, or even slightly alter it…you have to just react. Make a lot of money if you get it right, or you’ll be left by the side of the road if you get it wrong.” Yet he notes that it is wise to strategize selling—or “DCA (Dollar-Sell-Average)—if circumstances call for it, to mitigate risk.

At press time, XRP traded at $2.00.

Featured image created with DALL.E, chart from TradingView.com

A closely followed economist believes that strong rallies are ahead for Bitcoin (BTC) and crypto as he thinks conditions are ripe for policymakers to turn the money printers back on.

Citing data from the Atlanta Federal Reserve, Henrik Zeberg tells his 175,200 followers on the social media platform X that the US GDP is projected to contract by 1.5% in Q1 of 2025.

According to Zeberg, the contraction may force Fed Chair Jerome Powell to abruptly pivot and start printing US dollars to shore up the economy.

“But…. the economy is strong, right Powell…? 

The economy is not strong – it is setting up for the worst recession and bear market since 1929.

But first blow-off top as liquidity now will come flushing in.” 

Looking at Bitcoin, Zeberg says that its recent collapse to $78,000 is a necessary move to wipe out excessive leverage, making the BTC uptrend more sustainable.

“Fear has been dominating in crypto-land. BTC declined fast to ~$78,000 – just surpassing the daily 200 simple moving average a bit.

This is a healthy test area in a larger BULL MARKET.

In fact, with this updated knowledge of the structure of BTC, it seems like we could witness a strong reversal in BTC setting in soon.”

At time of writing, Bitcoin is trading for $92,597, up nearly 9% on the day.

Zeberg adds that stocks and altcoins will also witness blow-off top rallies. However, he warns that a recession is waiting in the wings.

“Unpopular perspectives: 

1. BTC is about to soar.

2. Nasdaq and S&P500 will rally strongly.

3. Amazing Altseason about to set in.

Above constitutes the blow-off top.

Later recession is coming.”

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