Credible, one of the popular analysts and traders of the cryptocurrency world, XRPHe stated that . altcoin review for.
Known under the pseudonym Credible cryptocurrency In his new analysis shared with his 250,000 Twitter followers, the analyst and trader stated that he is now starting to see the pattern similar to XRP’s big move, which rose from around $0.30 in March to a 2021 high of $1.96.
“If these two structures are alike, it is because these two structures are so. Almost all moves are the same except for the current major consolidation phase. First, consolidation precedes expansion; second, the greater the consolidation, the greater the ensuing expansion.”
He stated that if XRP continues to follow this pattern, it could rally back to its all-time high of $3.84. Stating that while going towards 10 dollars at a stage of this cycle, large consolidations may occur again from time to time, Credible stated that he expects it to exceed the 10 dollar level at the end of the cycle.
This represents an increase of at least 800% from the current value of XRP at $1.09. Adding that he does not know how long this will last, Credible stated that the peak for XRP is between $ 20-30.
Commenting on Ethereum, the analyst stated that buyers are rushing to buy the leading smart contract platform every time they reach significant support levels.
“ETH is indeed looking very healthy here as we continue your recovery for supply, and big buys are taking place on dips to key demand areas. Keep pumping to a new ATH (all-time high)!”
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.