The well-known cryptocurrency analyst defended the view that the expected time for Ripple (XRP) to make a massive debut has expired. cryptocoin.com We now turn to the details of the news.
Is Ripple (XRP) starting a rally again?
Well-known cryptocurrency analyst Credible Crypto has revived his prediction for XRP and explained that he believes the cryptocurrency will make a big debut in the near future based on its price chart. Credible Crypto, with its more than 250,000 followers, shared charts on social media showing that the price structure of XRP is very similar to the native token of data sharing protocol OriginTrail, which rose over 200% after it was listed on Coinbase.
Credible Crypto expects the price of XRP to move similarly, potentially breaking above the previous all-time high of $3.4. The analyst has been optimistic about the cryptocurrency for months. In June, Credible Crypto predicted that the XRP price was probably near the bottom when trading against Bitcoin (BTC), suggesting that it will outperform the flagship cryptocurrency in the near future.
ETH/BTC broke out today, closing above the key resistance zone I was watching. This is a great sign and indicates $BTC dominance may have already found its top and alts may be about to steal the show, led by $ETH. https://t.co/lGCdQYzGRv
— CrediBULL Crypto (@CredibleCrypto) November 3, 2021
In August, the analyst revealed that he expects the XRP price to trade between $20 and $30 after this cycle. His forecast was based on a 1,000% spike in XRP’s 2017 rally, which hit an all-time high above the $3 mark. Credible Crypto also looked at Ethereum’s recent breakout against BTC, suggesting that the next leg of the cryptocurrency will kick off a new altcoin season. Credible Crypto stated that it thinks Bitcoin’s dominance or share of the crypto market may have peaked for now, which will mean altcoins will outperform BTC in the near future.
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