A popular crypto strategist and trader this week amid the uncertainty in the cryptocurrency markets Bitcoin (BTC)shared what could happen for Ripple (XRP) and a low-value altcoin in the coming periods.
The analyst, known under the pseudonym Credible, expects Bitcoin to continue to consolidate to attract more buyers in the next step, in his post on Twitter.
“I think it will be a slow and calm week as we are stuck between the key resistance areas between $38,000-$39,000 and $41,000-42,000, the key and key support level. I’m a little skeptical as we’ve swung around a bit between these two levels, but ultimately we’re going to unravel this consolidation by moving upwards. A pullback towards the $36,200 level would be to invalidate this idea for sure.
I am currently fully deployed with my last purchase in the $36.00 region. If I wasn’t, yes I would buy from there.”
Ripple (XRP) Explaining his views on the issue, Credible thinks that XRP will follow a sideways course this week after a short-term rally from $ 0.76 to $ 0.85 on February 19.
“It was a good move but I think for now it will have to consolidate a bit before taking the next step.”
Credible sees a bullish trend in XRP and predicts that the altcoin could hit its target above $1.
Credible, a public network for peer-to-peer payments Hedera Hashgraph (HBAR) He also stated that he is watching the price movement. While there is currently a bottom for HBAR, Credible thinks that a slight pullback to $0.20 is still possible for the altcoin.
“I think the bottom has been struck but we need to clear the $0.25-0.28 area for confirmation. We’ve come very close to these lows for weeks without bottoming out lower, like the last time we bottomed, so yes we can see $0.20 again.”
