Credible, a closely followed crypto strategist, states that XRP will continue its upward trend after experiencing a huge rise in the last month.
The Future of XRP
Anonymous analyst Credible told his followers on social media platform $3,879.7 He advised to monitor his situation in front of him. The XRP/ETH parity is important for long-term setups and allows you to monitor the status of XRP Coin across altcoins.
According to the analyst, his first target for XRP/ETH will be to get XRP/USD into the price zone where the altcoin reached its all-time high in January 2018.
Credible: “We have about 98% more upside potential against ETH before reaching my first target on XRP/ETH.”
At the current approximate price of ETH, XRP is expected to rise above $5. In the short term, it is targeted to regain the lower timeframe range, rising nearly 30% to above $3 for the first time in more than six years.
Status of Old Altcoins
Credible predicts that legacy altcoins that have struggled in the past will reach record highs before the current bull market ends.
Credible: “Many think the ‘old guard’ altcoins, whose market caps are now much higher due to token inflation, will not reach new all-time highs in USD terms. However, I think most coins that are free of fraud or cheating will surpass previous all-time highs by the end of this cycle.”
At the time of writing, XRP is trading at $2.51.
Credible states that XRP will reach a new all-time record this cycle and could go up to at least $10. He also states that he is making profits by actively trading XRP, but will not touch spot investments until later in the cycle.
For investors considering buying or selling, it may be helpful to follow technical analysis and market news to assess potential uptrends in XRP and legacy altcoins.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
