A crypto strategist and trader closely followed by the crypto community said that XRP is poised for a possible 50% rise, with two low-value altcoins reaching bottoms.
Known as Credible Crypto, the trader has 249,100 followers, of XRP He said that although it briefly traded below the $0.90 support area, it managed to recover an important price level and is now ready to rally to a new high.
“Instead of going up, we veered below the range but now we’ve got that level back, so once again they’re high; I’m aiming for $1.35 and beyond! XRP.”
Credible cites a tweet he posted above in September that charted the path of XRP from $0.90 to $1.70.
If XRP follows Credible’s scenario, there is the potential for a more than 55 percent increase from the altcoin’s current value of $1.09.
Commenting on the long-term price target of the sixth largest cryptocurrency, the crypto analyst believes that XRP will skyrocket between $20 and $30 during this bull cycle.
Popular analyst is a public network for peer-to-peer payments. Hedera Hashgraph (HBAR) is also examining. Credible believes HBAR will bottom out at $0.35.
“Here is HBAR with a critical key rollback in the short time frame. I believe we have reached the bottom.”
Another cryptocurrency on the investor’s radar is the native token of decentralized finance (DeFi) protocol Convex. Convex Finance (CVX). Credible estimates that CVX will form a new buyer base around $12 before starting a rally to around $16.
“Expectations… CVX.”
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.