Analyst Says XRP About To Outperform Crypto Market, Sees Rallies for Ethereum (ETH) Before Big Pullback – The Daily Hodl

A widely followed crypto strategist believes that the payment network XRP is gearing up to witness a big bullish move.

Pseudonymous analyst Credible tells his 380,200 followers on social media platformbtc), Ethereum (ETH) and the crypto market in general.

According to the analyst, XRP appears to be showing a bullish reversal signal against Bitcoin (XRP/BTC) and Ethereum (XRP/ETH).

“I'm still in position on XRP from the bottom and just added it for the third time, averaging up.

XRP/BTC and XRP/ETH just printed and confirmed bullish divs in the [three-day chart].

That window of outperformance I mentioned in my last update video on XRP may be just around the corner.”

Fountain: Credible/X

A bullish divergence suggests that an asset is gaining bullish momentum even if the price continues to fall or is trading sideways.

As for its price target, Credible think that the XRP/BTC pair can rise approximately 250% from current levels, suggesting a move towards 0.0000356 BTC ($2.55).

At the time of writing, XRP/BTC is trading at 0.00000958 BTC ($0.68).

The trader is also bullish on ETH. Credible predicts that Ethereum will continue to rise before witnessing a significant pullback.

“Now that BTC has reached its previous all-time high, everyone knows that ETH is inevitably next.

If you're on the sidelines right now, expect a wick of between $3,600 and $3,700, but so is everyone else.

“I wouldn’t be surprised to see ETH simply continue pumping another 25% or more higher before any significant pullback.”

Image
Fountain: Credible/X

Credible too says which sees Ethereum marking the five-figure price level during this market cycle.

“More than $10,000 at least, although I think $20,000 or something like that is doable.”

At the time of writing, Ethereum is trading at $3,983.

Don't miss a moment – Subscribe to receive email alerts directly to your inbox

Check price action

Follow us Twitter, Facebook and Telegram

Browse Hodl's Daily Blend

 

Disclaimer: The opinions expressed on The Daily Hodl are not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and trading are at your own risk and any losses you may incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, nor is it an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Image generated: Halfway through the trip


Leave a Comment

Comments

No comments yet. Why don’t you start the discussion?

Leave a Reply

Your email address will not be published. Required fields are marked *