An analyst who accurately predicted the recent decline of XRP with a low of about $ 0.22, says he expects the third-largest cryptocurrency to move further.
At the time of publication, XRP had fallen back to the $ 0.33 level. It remains below the $ 0.57 price on December 20, before the SEC announced that it had filed a lawsuit against Ripple and accused the company of selling the digital asset as an unregistered security.
After calling this week’s bounce, Credible Crypto analyst say he believes XRP has more room to rise against Bitcoin (BTC).
‘If you’re excited to see the latest XRP pop, you’ll love this next one. The beginning of our big turnaround against BTC. This is the BTC link, but it should match the move to $ 0.40- $ 0.50 for the USD link I talked about in my recent update videos. ”
Co-analyst Michaël van de Poppe is less positive about XRP. He say the crypto-currency faces a large wall of resistance at the level of $ 0.34.
‘XRP must crack this significant resistance zone in order to continue the upward pressure. If this does not happen, more consolidation is needed. ”
As for Bitcoin, both Van de Poppe and Credible Crypto believe this cycle could peak at $ 300,000.
Credible Crypto expect Ethereum and many altcoins to outperform BTC from this point on.
‘Will sell many $ 10,000 BTC purchases as we approach $ 50,000 to lead more funds into altcoins. I have $ 300,000 as a MAX on BTC in this cycle. That’s 6x of $ 50,000.
I fully expect most altcoins to perform better [BTC] from here. Even majors like ETH will easily darken 6 times the current levels. ”
Do not miss a partner – Sign in to receive crypto email alerts directly in your inbox
Follow us on Twitter, Facebook and Telegram
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their thorough research before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and transactions are at your own risk, and that it is your responsibility to lose. The Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Note that The Daily Hodl participates in affiliate marketing.
Suggested Image: Shutterstock / IM_VISUALS