The crypto market is currently bearish, with several tokens down by double figures as investors maul their losses. Despite this, there is still some optimism, as top crypto analyst CrediBull Crypto believes that Ethereum, PEPE and XRP are likely to hit new highs in the coming days.
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CrediBull Crypto noted that PEPE has been holding up quite well despite the downtrend in the broader crypto market. As such, he added that he won’t be surprised if the meme coin witnesses another leg up to take some untapped liquidity before it moves along with the current bearish trend in the market.
The analysts also revealed that he has no plans to open a long position on PEPE yet, as he will continue to watch how things develop. Based on the chart that CrediBULL Crypto shared, PEPE could rise to as high as $0.00001382 as it takes the untapped liquidity that the analyst discussed.
CrediBULL Crypto also believes that Ethereum could drop below its current levels of $2,800. He made this prediction while noting that he had cut his shorts in anticipation of an upturn in price that didn’t happen. Therefore, he would not look to reopen any short position for ETH at its current price range as its could rebound at anytime.
CrediBULL maintains a long-term bullish view on Ethereum and had previously predicted that the leading altcoin would rise to $20,000 in this market cycle.
CrediBULL Crypto still believes that XRP is still in a ranging environment and suggested that he wasn’t looking to trade the crypto token at the moment. However, he added that he would be interested in a potential trade if XRP drops to $0.50 or even as low as $0.39.
CrediBULL Crypto suggested that XRP could still drop to such lows, noting that the crypto token had experienced the pump, which had taken it above the local highs, something which he claimed he was expecting before a pullback to the green zone, which he highlighted on the charts
CrediBULL Crypto analysis of Ethereum, PEPE and XRP are quite optimistic despite the current market downturn. Pawfury offers an alternative with its lucrative presale and 10% extra bonus, it is important that investors do their own research and due diligence. Thoroughly evaluating the risks, understanding market conditions, and considering individual financial situations will help ensure well-informed investment decisions.
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