TOP analyst believes that XRP will soon break out of the accumulation area and demand the explosion of 2 small-cap altcoins

A prominent analyst says XRP could near the end of its long-term accumulation with a big breakout and calls for a boom in two small-cap altcoins.

Known in the industry by the nickname Altcoin Sherpa, the person told its 148,000 followers that XRP could be a tough trade in the short term. However, as investors turn to altcoins, XRP could be one of the biggest winners.

“XRP: This chart is really not bad. The candles have low volatility, which looks like an accumulation. Not much in my opinion, but worth considering. Note: when altcoins come into the spotlight I think they will explode. Small investors often love cheap coins. “

The source: Altcoin Sherpa / Twitter

Based on the Sherpa chart, XRP could rise after breaking above the $ 1.31 resistance.

In addition to XRP, the analyst is also looking at the Woo Network (WOO) trading platform, an altcoin that is up nearly 50% in the past week. He uses the Extended Fib tool to predict a local high for WOO at $ 2.08, about 25% from the current price of $ 1.60.

“WOO: Pump it up to $ 2, please !! Great project! “.

The source: Altcoin Sherpa / Twitter

The third altcoin the analyst is keeping an eye on is DAO Maker (DAO), a fundraising platform for crypto projects. The DAO is up 36% in the past week.

According to Altcoin Sherpa, the DAO has broken through a major resistance level and is now on its way to the next resistance at USD 5, an increase of 35% from current levels.

“I’ll hold this altcoin for a while longer – the next resistance is at $ 5.”

The source: Altcoin Sherpa / Twitter

You can see the coin prices 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.

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