A closely watched crypto strategist believes that XRP is gearing up for a bullish continuation after a hard rally last month.
Pseudonymous analyst Credible tells his 446,700 followers on social media platform X that he is keeping a close eye on XRP in its Ethereum pair (XRP/ETH).
According to the analyst, his initial target for
“We still have about 98% gains to go against ETH before my first main objective on the XRP/ETH pairing is achieved.
At ETH’s current prices ($4,000), that would put XRP at over $5.
In the near term, we are looking for a recovery from this low time frame for a ~30% upside, which should take us above $3 for the first time in over six years.”
Ultimately believable believes that XRP will explode to a new all-time high this cycle, possibly reaching a low of $10.
“Wait for double digits. I am actively scalping/trading and we are currently still far from that.”
At the time of writing, XRP is trading at $2.51.
As for the broader altcoin market, the crypto analyst says expected old coins that have been battered in recent years to rise to record highs before the current bull market ends.
“Many people think that many of the ‘old guard’ will not make new all-time highs (ATHs) in USD because their market caps are now much higher due to token inflation…
I stand by the idea that most coins that are down 80-90% (and have been for months) will blow past their prior ATH by the end of this cycle (as long as they aren’t outright scams/rips).
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