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Prominent Analyst Details Huge Upside Target for XRP, Says Crypto Asset May Be Bottoming Out Against Bitcoin

Prominent Analyst Details Huge Upside Target for XRP, Says Crypto Asset May Be Bottoming Out Against Bitcoin

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Source: Daily Hodle

A high-profile analyst is doubling down on his massive XRP bet for this bull cycle even if the seventh-largest crypto asset is showing signs of uncertainty.

Pseudonymous analyst Credible Crypto tells his 220,700 Twitter followers that he believes XRP could be bottoming out against Bitcoin (XRP/BTC) as it finds support around 0.000015.

 

“Some calling for new lows on XRP/BTC. While it’s technically possible I think a reversal off this region makes more sense, considering XRP/USD is on major historical support.”

Source: Credible Crypto

The closely-followed crypto strategist also confirms that he’s holding strong on his massive bet that XRP will hit $20 – $30 before the end of this current bull cycle.

Veteran trader Peter Brandt does not believe a bullish move is on the horizon for XRP at present.

Brandt shared his own XRP/BTC analysis on Twitter this week, calling for potential all-time lows, as the asset sets up a head and shoulders top pattern, which would send the pair into a free fall.

“Is Ripple about to turn into a tidal wave??? XRP/BTC is forming a head and shoulders top pattern –completion of same would set target at all-time-lows.”

Source: Peter Brandt

XRP is trading at $0.648 at time of writing, down nearly 30% over the past 30 days.

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The post Prominent Analyst Details Huge Upside Target for XRP, Says Crypto Asset May Be Bottoming Out Against Bitcoin appeared first on The Daily Hodl.

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Author: Daily Hodl Staff