A well-known analyst in the cryptocurrency space is drawing attention to a payments-focused altcoin that has been showing strong performance in recent months. Altcoin Sherpa, a popular crypto strategist with a significant following on social media, believes that XRP is poised to reach new all-time highs before the current market cycle concludes.
Using Fibonacci retracement levels, Altcoin Sherpa identifies a solid support area for XRP bulls, indicating that the digital asset is currently undervalued and overlooked by many in the crypto community.
As of the time of writing, XRP is trading at $2.17, with Altcoin Sherpa expressing confidence that the coin has the potential to break its previous all-time high.
Altcoin Sherpa also highlights the potential of other altcoins, such as Popcat (POPCAT) and Sui (SUI). The trader suggests that Popcat, a Solana-based cryptocurrency, may have reached a bottom in its recent downtrend, with the current price at $0.798.
Regarding Sui (SUI), a project often referred to as a potential competitor to Solana, Altcoin Sherpa advises caution despite a bearish daily chart. The trader notes that SUI has shown resilience in price movement, currently valued at $4.18.
Altcoin Sherpa encourages followers to stay updated on market developments and subscribe for alerts. The analyst emphasizes the importance of monitoring price action and staying informed through social media channels.
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