Popular crypto analyst Credible, payment giant XRP price is set to witness a major upward move thinks.
Credible suggested that XRP is about to enter a phase where it outperforms Bitcoin (BTC), Ethereum (ETH), and the cryptocurrency market in general. According to analyst altcoinstarted to give bullish signals against both Bitcoin and Ethereum.
“I’m still in a down position on XRP and added for the third time, the average is going up. BTC and ETH both showed bullish signals (on the three-day chart). As I mentioned before, strong performance can come at any time.”
A bullish divergence is interpreted as an asset gaining upward momentum even if the price continues to fall or trades sideways.
As for the price target, Credible thinks the XRP/BTC pair could rise by around 250% from current levels and recommends a move towards 0.0000356 BTC ($2.55). At the time of writing, the pair was trading at 0.00000958 BTC ($0.68).
Trader also EthereumHe stated that it was also on the rise. Credible predicts that Ethereum will continue to rise before witnessing a significant pullback.
“With BTC reaching an all-time high, everyone knows that ETH is inevitably next. If you’re currently on the sidelines, hoping for a wick towards $3600-3700, you’re not alone in this.
“I wouldn’t be surprised to see ETH continue upside another 25%+ before a significant pullback.”
Credible also says it has seen Ethereum tag the five-figure price level during this market cycle.
“A minimum of $10,000, and even around $20,000 is possible.”
