Analysts support XRP, cryptocurrency outlook is optimistic
CredibleCrypto, a well-known cryptocurrency analyst and trader, is bullish on XRP. He told his 450,000 followers on social media X that XRP's performance against Bitcoin (BTC) is "just awesome."
CredibleCrypto, a well-known cryptocurrency analyst, supports XRP.
CredibleCrypto told his 450,000 followers on social media X that XRP's performance against Bitcoin (BTC) is "extraordinary."
The trader revealed that he plans to buy XRP in a few days.
According to the one-hour chart posted by the analyst, XRP may fall first and then rise, with an increase of at least 65%.
The analyst also found that XRP formed an inverse head and shoulders pattern during this time period, which is a bullish signal in technical analysis.
"In my opinion, XRP has the best chart, it's far from the lows, it feels like a powder keg is about to explode..."
At the time of writing this article, the price of XRP is 0.00002323 BTC (about $2.28).
Let's talk about Ethereum (ETH). CredibleCrypto thinks that the price of ETH may fluctuate between $3,000 and $3,800, and then fall to around $2,800 and rebound.
According to the analyst's 12-hour chart, Ethereum may rise to a new all-time high of more than $6,000.
At the time of writing this article, the price of Ethereum is $3,492.
Talking about Ethereum to Bitcoin (ETH/BTC), the analyst said that he hopes Ethereum will fall to 0.02700 to 0.02800 BTC before rising to the bulls. CredibleCrypto said that ETH/BTC is now "correcting" after the rebound.
"If it really falls to this price, it will be a great buying opportunity, and it may also be the bottom of this wave of ETH/BTC."
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