Analyst Shared Altcoins and Forecasts on His Radar!

A closely followed crypto strategist updates his price forecast for XRP and two undervalued digital assets, while the leading altcoin EthereumHe expects (ETH) to dwarf Bitcoin (BTC).

The analyst, known by the alias Altcoin Sherpa, told his 183,500 Twitter followers that the Ethereum/Bitcoin pair (ETH/BTC) will rise from current levels.

“ETH should bounce around this area. […] Great moves overall but I still don’t see it as an upside break in the current market conditions.”

Ethereum

A rising ETH/BTC chart shows that Ethereum will likely gain more than Bitcoin. At the time of writing, the ETH/BTC pair is trading at 0.0695 BTC ($1,345) above the range balance of Altcoin Sherpa.

The analyst, who also examines XRP, said that it is currently in decline in the sixth largest crypto by market capitalization, but bitcoin that this will change if it shows signs of strength says.

“Testing the 200-day exponential moving average (EMA), but given the huge gap between the previous price and the EMA, I don’t expect it to break to the upside. I think we can see some more consolidation here before the fall. If BTC recovers, ignore this idea.”

XRP analysis

Koinfinans.com As we reported, another altcoin on the analyst’s radar is Ethereum rival Algorand (ALGO). Altcoin Sherpa says ALGO will pull lower.

“I would like to buy this for $0.35 or less.”

Algorand

The last altcoin on the popular investor’s radar is the Reserve Rights Token (RSR). According to altcoin Sherpa, RSR is trying to start a rally of around 30% from current prices. ready.

“It is heading towards highs ($0.0099). Caution should be exercised in this area: the 200-day EMA + the top of the range.”

RSR analysis

You can follow the current price action here.

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.


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