XRP Primed for All-Time High as Analyst Predicts Breakout
A well-known cryptocurrency analyst, operating under the pseudonym Credible Crypto, has made a bold prediction regarding the future of XRP. With a significant rise in the value of the payments altcoin, Credible Crypto believes that XRP is on the cusp of reaching a new all-time high.
Recently, the analyst shared with his large following on Twitter that XRP has successfully broken through its immediate resistance level, setting the stage for a potential surge to unprecedented levels.
In a tweet, Credible Crypto expressed his optimism, stating, “We may have a breakout on our hands here. Swing and spot positions looking great here and we continue to simply let those ride till a new ATH (all-time high). Will actively look for scalp long entries once more now that we’ve cleared local resistance.”
As of the latest update, XRP is currently trading at $2.53, which is approximately 25% below its previous all-time high of $3.40 achieved several years ago.
Credible Crypto also highlighted XRP’s history of outperforming other cryptocurrencies, emphasizing that the digital asset has a tendency to lead the market during bullish phases. He stated, “XRP has a habit of running on its own and leaving everything else in the dust once it gets going. Those who have been here since 2017 have witnessed these moments.”
While Credible Crypto remains bullish on XRP, he also mentioned the potential for the native token of Curve DAO, CRV, to outshine XRP in the short to medium term. He believes that holding both assets could prove beneficial, as they offer different opportunities depending on market movements.
CRV is currently valued at $0.811, presenting investors with an alternative investment option alongside XRP.
As the cryptocurrency market continues to evolve, the predictions and insights provided by analysts like Credible Crypto play a crucial role in guiding investors and traders. With XRP potentially on the brink of a major breakthrough, all eyes are on the digital asset as it aims to reach new heights in the near future.
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Image Source: Midjourney