Analysis

XRP and a low-cap altcoin are preparing for a major rally

A famous strategist just predicted that XRP and a DeFi altcoin will rise in price. At the same time, he said that Bitcoin is likely to take a break.

According to analyst Credible, XRP will rally and regain the $1 level.

“Right now, XRP is right in my area of interest. Maybe a few cents lower than now but according to my last tweet I think the price will make a higher low/low in this area and keep going higher.”

XRP/USD | The source: credible

At the time of writing, XRP is trading at $0.84, up nearly 10% over the past 24 hours. Credible’s $1 target shows potential upside of around 20% from current prices.

Merchants are also bullish on Hedera Hashgraph (HBAR), a public network for peer-to-peer payments. Credible says HBAR could bounce off the $0.22 support and rally to its near-term target above $0.26.

“Since my last update, HBAR has pushed the price into the supply zone on a weekly basis and is now falling. With that in mind, HBAR needs to retake this area to confirm the bottom. I would like to see the price hold the $0.22-0.23 zone and then make another attempt to regain the weekly supply zone.”

USD/HBAR | The source: credible

As for Bitcoin, Credible remains bullish even as it dips slightly below $40,000.

“BTC pushed into the $45k-$47k region – set a local higher high and now appears to be correcting as predicted. Not sure how deep that drop is, but my guess is $38k-$39k.”

BTC/USD | The source: credible

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Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.