A closely-followed crypto analyst says that Ripple (XRP) is poised to ignite a strong move to an all-time high, and demand for Ethereum (ETH) looks healthy.
Credible’s XRP estimate: $10
The Twitter analyst, nicknamed Credible, says it reflects the price action earlier this year, when XRP surged from around $0.30 in March to a 2021 high of $1.96:
If these two structures look alike, it’s because they are. Almost mirror images outside of the current consolidation is a larger, longer consolidation structure. 1. Consolidation precedes expansion. 2. The greater the consolidation, the greater the ensuing expansion.
Ripple price could reach $3.84, according to the analyst
If Ripple (XRP) follows the scenario, Credible predicts that the following price action could push the sixth-largest cryptocurrency back to its ATH level of $3.84. The analyst also says that higher levels will be gained gradually:
A move to $10 and above will not occur in the next leg of the expansion. The next steps will get us closer to/perhaps a little past the new ATH. There will be more consolidation/expansion periods that follow.
cryptocoin.com Credible adds that it expects XRP to exceed $10 this cycle and points to at least an 800% upside potential from its current value of $1.09:
I expect this cycle to be over $10 – not sure how long it will last, ideally between $20-30.
Credible says it’s optimistic for Ethereum chart
Looking at Ethereum (ETH), Credible says that buyers are quick to pick up the leading smart contract platform whenever it hits key support levels:
ETH looks really healthy here as we continue our recovery and drops are quickly being bought into key demand areas. Keep flying to the new ATH.
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