A closely followed crypto analyst has stated that Ripple (XRP) is poised to become the ‘shining star’ of the cryptocurrency world, after holding a strong ‘macro support’ during the recent market-wide pullback.
Credible Crypto The analyst, known by the alias, shared on his Twitter account that Bitcoin (BTC) looks great and that it will not face any real test until the current price of BTC is $ 45,000, which is about $ 3000 above its current price.
“Bitcoin (BTC) looks great right now. There is no strong resistance up to $45,000. As long as we are in the green zone (which I predict we will be), it is possible to maintain the overall upside outlook in the coming days.”
The analyst later Ripple (XRP) He shared his views on it. According to the analyst, XRP may be stronger than the leading crypto asset by market cap and looks set to rally higher by the end of this scenario.
“As BTC recently swept our lows at $42,000 and Ethereum dropped further below its level, XRP held this correction incredibly well and did not come close to its own wicked lows. The path of least resistance looks ‘up’. All eyes may be on XRP soon.”
Credible said in August of last year that he expects XRP to finish the bull market somewhere between $20 and $30, reiterating that the target is still valid. The analyst thinks current prices could act as a launching pad for a parabolic uptrend, given that the XRP bears are starting to lose faith.
“My expectation is that we go up. The path of least resistance is a way of saying that the sellers seem exhausted and the market thinks XRP is better than selling here, so the price should go up.”
XRP is trading at $0.777 at the time of writing.
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