Floating Analyst calls for a high price on XRP and says the XRP / BTC pair has formed below
A prominent analyst doubles its growth target for XRP during this bull cycle despite the seventh largest crypto asset showing signs of uncertainty.
Analyst Credible Crypto told his 220,700 Twitter followers that he believes XRP could bottom out for the Bitcoin (XRP / BTC) pair as it finds support at around 0.00015.
“Some are calling for new lows in XRP / BTC. But technically I think a reversal from this zone is more likely. The fact that XRP / USD is sitting above an important support level also supports this outlook.
Source: Credible crypto
Crypto strategists too to confirm that he is still holding his bullish target and that XRP will hit $ 20-30 before the current bull cycle ends.
Veteran analyst Peter Brandt does not currently believe that XRP is on the up.
Brandt shared his own XRP / BTC analysis on Twitter this week, calling for a new all-time low as the asset sets a bearish head and shoulders pattern that should send the pair into a free fall.
“Is Ripple about to turn into a tidal wave ??? XRP / BTC forms a bearish head and shoulders pattern – a move in the setup will bring XRP to a new all-time low. “
Source: Peter Brandt
XRP is trading at $ 0.648 at press time, down nearly 30% over the past 30 days.
Disclaimer of liability: This article is for informational purposes only, not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions.
According to Dailyhodl