An analyst, who uses twitter handle Credible Crypto, anticipates XRP, the native crypto of Ripple amd the third largest cryptocurrency by market cap, to rally further in the weeks ahead. Notably, the analyst had clearly predicted XRP to bounce off the level of $0.22.
At the time of writing this article XRP was trading at $0.3325, reflecting a gain of 2.5% in the last 24 hours. Still, the traded price remains far below the level of $0.57 recorded on December 20th, before the official news release by the SEC about the lawsuit filed against Ripple alleging the blockchain firm of conducting the sales of crypto assets in the form of unregistered security.
After forecasting the rebound perfectly, crypto analyst who goes by the nick name Credible Crypto has stated that he expects XRP will rally further against the Bitcoin (BTC) in the days ahead.
“If you got excited seeing the last XRP pop, you’re gonna love this next one. The start of our major reversal against BTC. This is the BTC pairing, but it should correlate with a move to $0.40-$0.50 on the USD pairing that I have been talking about in my recent update videos.”
Expectations. $XRP pic.twitter.com/CkMUBn1tzn
— Credible Crypto (@CredibleCrypto) January 3, 2021
If you got excited seeing the last $XRP pop, you’re gonna love this next one. The start of our major reversal against $BTC. This is the BTC pairing, but it should correlate with a move to .40-.50 on the USD pairing that I have been talking about in my recent update vids. pic.twitter.com/oo8SnoCH4b
— Credible Crypto (@CredibleCrypto) January 9, 2021
Another popular analyst Michaël van de Poppe does not share a positive view of XRP. He has pointed out that the crypto is facing a big resistance at $0.34 level.
$XRP needs to crack this significant resistance zone to be able to continue the upward push.
If that doesn’t occur, more consolidation is required.
Full analysis:https://t.co/VnjR2q012a pic.twitter.com/xKcQSNtnNZ
— Michaël van de Poppe (@CryptoMichNL) January 7, 2021
“XRP needs to crack this significant resistance zone to be able to continue the upward push. If that doesn’t occur, more consolidation is required.”
With respect to Bitcoin, both Van de Poppe and Credible Crypto trust that a high of $300,000 is possible in this cycle.
#Bitcoin can definitely go towards $250,000-350,000 in this cycle, as the upside is often higher than the majority expects it to be. Just like 2017 was higher than the majority anticipated to happen in 2016.
Full analysis:https://t.co/VFjcqAH2pU
— Michaël van de Poppe (@CryptoMichNL) January 9, 2021
Credible Crypto forecasts Ethereum and several altcoin to surpass Bitcoin (BTC) from the current level.
Will be selling a lot of spot $BTC buys from 10k as we approach 50k to funnel more funds into alts. I have 300k as a MAX on BTC in this cycle. That is 6x from 50k. I fully expect most alts to outperform from here. Even majors like $ETH will easily eclipse 6x from current levels.
— Credible Crypto (@CredibleCrypto) January 7, 2021
“Will be selling a lot of spot BTC buys from $10,000 as we approach $50,000 to funnel more funds into altcoins. I have $300,000 as a MAX on BTC in this cycle. That is 6x from $50,000. I fully expect most altcoins to outperform [BTC] from here. Even majors like ETH will easily eclipse 6x from current levels.”
