An analyst says XRP has the most bullish chart in the entire cryptocurrency space - here's why - The Daily Hodl
A widely recognized cryptocurrency analyst and trader is leaning bullish on #XRP . This analyst, also known as
This analyst, also known as CredibleCrypto, told his 450,200 followers on social media platform X that XRP "looks absolutely amazing" when combined with bitcoin (BTC).
This trader plans to take a long position in the next few days. Based on the analyst's chart on the 1-hour timeframe,
he suggests that XRP could fall first and then rise by at least 65%.
The analyst also believes that XRP is forming a head-and-shoulders reversal pattern on the same timeframe. They believe that. The reverse head-and-shoulders pattern is considered a bullish signal in technical analysis.
In my opinion, this is the most bullish chart in the entire space after the lows. The powder keg itself is creating pressure. .......
XRP is trading at 000002323 #BTC (USD 2.28) at the time of writing.
Next is #Ethereum (ETH), which CredibleCrypto believes could bottom between USD 3,000 and 3 before hitting a bottom around USD 2,800. Based on a 12-hour chart compiled by pseudonymous analyst
, it suggests that Ethereum could rise to an all-time high of over $BTC At the time of writing, Ethereum is trading at $BTC Moving on to the Ethereum/Bitcoin pair, analysts, many of whom follow the pair, are targeting Ethereum to fall to around the 0.02700-0.02800 BTC level before entering a long position. According to CredibleCrypto, ETH/BTC is currently "rolling down" after an initial rise.
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