Known for its accurate Ripple (XRP) predictions, Credible Crypto says several altcoin projects on its radar have survived the recent market-wide pullback and are now ready to make the leap.
Analyst believes bottom levels are coming in XRP
The Ripple prophet shared his current analysis for Ripple (XRP), Bitcoin (BTC), Curve DAO Token (CRV) and Ethereum (ETH) in a series of tweets he published recently. Last week, Credible identified key supply and demand ranges for XRP between $0.84 and $1.10. XRP fell as low as $0.60 on Dec. 3 before returning later, and now the analyst believes the bottom has come for XRP. The analyst says:
Failure to retrace the red zone in XRP has led to daily demand which resulted in a massive liquidation event in the entire market. Despite the negative (liquidity) wick, we kept the daily demand. Key swing lows swept. The lower part (I think) is inside.
As Credible moves to Bitcoin, he expects the biggest cryptocurrency to defy pessimistic expectations and regain $60,000 by July of next year. The analyst shares the following technical chart:
Ripple oracle says CRV bulls are getting ready
The analyst then looks at the DEX and AMM protocol Curve DAO Token (CRV). The HH and HL pattern the chart has built up in recent months is causing Credible to think CRV skeptics are in for a rough awakening. Credible shares the following market analysis:
Bears seeking lower prices, a spin shot is about to hit.
cryptocoin.com Finally, Credible Crypto, whose analysis we share, is considering the road ahead for the leading smart contract platform Ethereum and the market leader Bitcoin. The analyst expects both cryptocurrencies to experience a strong V-shaped recovery and ETH to operate at increasingly higher levels ($10,000 or more). Credible adds:
I’m getting the impression of ‘inverting the V’ here. This means the bottom is at $3,600 and we will recover with minor dips along the way. Break and close above $4,600 confirms this.
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