A widely followed analyst and trader is bullish on a large-cap altcoin that has risen more than five times in a month.
The analyst, pseudonymously known as Sherpa tells his 233,400 followers on the social media platform
XRP is trading at $2.65 at the time of writing, about 23% below its all-time high of $3.40.
The third-largest crypto asset by market cap is up about 434% since November 4.
According to the pseudonymous analyst, the XRP/Bitcoin pair presents a “much better” risk-reward ratio. Based on Sherpa’s chart, it appears that XRP/BTC is below a resistance level that has existed since May 2021 and is approximately 88% below the all-time high of 0.0002247 BTC.
XRP is trading at 0.00002727 BTC ($2.63) at the time of writing.
The widely followed analyst also offers his insight into the Solana (SOL) ecosystem. Sherpa says,
“The road is long and hard and it can be difficult to persevere. But I still believe that many artificial intelligence (AI) coins on SOL will be very strong in the coming months. I still believe this is the best marriage between speculation and technology.”
Sherpa lists some of his picks in the Solana ecosystem say that the AI-related crypto assets Goatseus Maximus (GOAT), The AI Prophecy (ACT), Zerebro (ZEREBRO) and others are “very solid”.
Zerebro is trading at $0.373 at the time of writing, up about 2,148% in the last 30 days. The AI Prophecy is trading at $0.532 at the time of writing, up about 2,430% in the past month, while Goatseus Maximus is trading at $0.817 at the time of writing, up about 62% in the past 30 days.
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Generated image: Midjourney
Credit : dailyhodl.com
