XRP will explode when the alt season comes, according to KOL Credible Crypto
A popular analyst is bullish on XRP, believing that altcoins are poised to outperform Bitcoin.
Known in the industry as Credible Crypto, he told his 257,400 Twitter followers that XRP’s pricing structure looks very similar to the OriginTrail (TRAC) data sharing protocol, which just rose more than 300% after being listed on Coinbase Pro.
He expects XRP to follow the same path as TRAC, bringing the cryptocurrency back to its all-time high of $ 3.40.
“The following XRP chart is from my last YouTube video of XRP in August. The chart next to it is another coin with a similar structure, but that has completed wave 5. Coincidental. It’s not light here.”
XRP / USD daily chart | Source: Credible Crypto
Daily TRAC / USD chart | Source: Credible Crypto
After another breakout in the ETH / BTC pair, the analyst believes the pair will continue to rise.
me too Note that bitcoin’s dominance may have peaked, further paving the way for a rally in altcoins.
“ETH / BTC broke out today and closed above an important area of resistance that I am watching. This is a great sign and shows that BTC dominance may have peaked and many altcoins could steal the limelight, led by ETH. ”
Taking a closer look at the benchmark cryptocurrency, Credible says that Bitcoin must rise above $ 63,000 to $ 64,000 to resume its uptrend. A rejection of this zone would likely bring BTC to key support at USD 58,000.
“63-64k is an important price zone. A breakout means a new ATH while a rejection suggests that BTC needs more accumulation, key support is found at USD 58,000.
Hourly BTC / USD Chart | Source: Credible Crypto
You can see the XRP price Here.
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Disclaimer: 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