Top Trader Says He’s Bullish on XRP and TRON – Here’s Why
A pseudonymous trader who continues to grow his following with his savvy altcoin calls says he’s keeping a close watch on XRP and TRON.
In a new tweet, the trader known in the industry as Kaleo says XRP is positioning to revisit its all-time high (ATH) of $3.84.
“The possibility of a breakout leading to a return back to the old ATH is too tempting not to punt a long on.”
The trader is also looking at the XRP/BTC pair as he believes Ripple’s native asset has broken out of its multi-month downtrend in the lower timeframe.
“Apparently it’s scam coin season… When it comes to shitcoins, I’m a trader and I really like this setup. I’m long.”
As for TRON (TRX/BTC), Kaleo highlights that its chart reminds him of Dogecoin (DOGE) before the joke crypto asset pumped over 983% from 0.00000024 to 0.0000026, in the span of one week.
“TRX/BTC. This chart gives me DOGE pre-pump vibes. When it breaks out, it will go absolutely vertical. I have a bag.”
In addition, the crypto strategist is looking at two other altcoins that he says are poised to erupt.
Number one on his list is BitTorrent (BTT), which he says is currently consolidating after its meteoric ascent from 0.001 on March 5th to its all-time high of $0.0039 on March 20th.
“This entry was spot on. Buy when everyone else is afraid. Looks ready to rip to a new ATH as soon as this diagonal is cleared.”
Another coin on Kaleo’s radar is the little-known crypto asset Kin, which he says has tremendous potential for growth.
“KIN is still nearly a 10x away from its all-time high.”
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Author: Daily Hodl Staff