An analyst who accurately predicted the XRP’s recent jump from a low of about $ 0.22 says he expects the third largest cryptocurrency to continue moving upwards.
At the time of publication, XRP returned to the $ 0.33 level. It remains well below its price of $ 0.57 on December 20, before the SEC announced it had filed a lawsuit against Ripple accusing the company of selling the digital asset as an unregistered security.
After calling this week’s jump, Credible Crypto analyst says he believes that XRP has more room to rise up against Bitcoin (BTC).
“If you were excited to see the latest XRP pop, you will love the next one. The beginning of our great reversal against BTC. This is the BTC pairing, but it must correlate with a $ 0.40- $ 0.50 move in the USD pairing, which I have been talking about in my recent update videos. “
Analyst Michaël van de Poppe is less optimistic about the XRP. He says the cryptocurrency is facing a large wall of resistance at the $ 0.34 level.
“XRP needs to break this significant resistance zone in order to continue the upward momentum. If not, further consolidation is needed. “
As for Bitcoin, both Van de Poppe and Credible Crypto believe that a $ 300,000 peak in this cycle is possible.
Credible Encryption wait Ethereum and many altcoins to overcome BTC from this point forward.
“I will be selling a lot of spot BTC purchases starting at $ 10,000 as we approach $ 50,000 to channel more funds into altcoins. I have $ 300,000 as a BTC MAX in this cycle. That’s 6x out of $ 50,000.
I hope that most altcoins outperform [BTC] hence. Even large companies like ETH will easily eclipse 6 times today’s levels. “
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