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A crypto analyst known for making timely altcoin calls believes that the payments token XRP is primed to soar to fresh record-high levels.
Pseudonymous trader Credible Crypto tells his 474,800 followers on the social media platform X that XRP appears to have printed a bullish higher low setup after flipping resistance at $3.10 as support.
The analyst thinks that XRP will surge to new all-time high levels as long as bulls defend the $3.10 level.
“As long as the green zone holds, we can target range highs/new all-time highs.”
Source: Credible/X
Based on the trader’s chart, he seems to predict that XRP will rally close to $3.90. At time of writing, XRP is trading at $3.25.
Looking at XRP against Ethereum (XRP/ETH), Credible believes that the second-largest altcoin by market cap will outperform ETH, even though the smart contract platform has been on a tear as of late.
“ETH has been performing beautifully lately, but might be time for XRP to take charge again soon…
The downside target on XRP/ETH that was shared nearly three months ago has finally been met.”
Source: Credible/X
As for Bitcoin, Credible expects BTC to ignite fresh rallies as long as one key level holds.
“Bitcoin looking good for new all-time highs as long as we hold above $116,500.”
At time of writing, Bitcoin is worth $119,944.
