XRP Has Most Bullish-Looking Chart in Entire Crypto Space, According to Analyst – Here’s Why
A widely followed cryptocurrency analyst and trader is leaning bullish on XRP .
The analyst pseudonymously known as CredibleCrypto tells his 450,200 followers on the social media platform X that paired against Bitcoin ( BTC ), XRP “looks absolutely fantastic.”
The trader says he plans to enter a long position in the coming days.
Based on the analyst’s chart on the one-hour time frame, it appears he is suggesting that XRP could first trend downwards before skyrocketing by at least 65%.
It also appears that the analyst believes XRP has formed an inverse head-and-shoulders pattern in the same time frame. An inverse head-and-shoulders pattern is considered a bullish signal in technical analysis.
“Still the most bullish-looking chart in the entire space off the lows in my opinion. Just a powder keg building pressure…”
Source: CredibleCrypto/X
XRP is trading at 0.00002323 BTC ($2.28) at time of writing.
Next up is Ethereum ( ETH ). CredibleCrypto says that ETH is likely to trade in a range of between $3,000 and $3,800 before bottoming out at around $2,800.
Based on the pseudonymous analyst’s chart on the 12-hour time frame, he suggests Ethereum could then rally to a new all-time high above $6,000.
Source: CredibleCrypto/X
Ethereum is trading at $3,492 at time of writing.
Turning to the Ethereum/Bitcoin pair, the widely followed analyst says he is still targeting Ethereum to drop to around the 0.02700 BTC to 0.02800 BTC level before he can enter a long position. According to CredibleCrypto, ETH/BTC is now “grinding back down” after initially rallying.
“Would be an absolutely epic entry if we get it that will probably mark this cycles pico bottom on ETH/BTC as well.”
Source: CredibleCrypto/X
ETH is trading at 0.03542 BTC at time of writing.
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inboxCheck Price Action
Follow us on X , Facebook and Telegram
Surf The Daily Hodl Mix
Featured Image: Shutterstock/Zaleman/INelson
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Breaking! Apple's brand-new product line revealed, Siri AI enters the home
Paramount (PSKY.US) $110 Billion Acquisition Financing Delayed: Bond Issuance Postponed for Three Months, May Have to Pay $500 Million More in Annual Interest
Paramount has been continuously pitching financing bonds to investors for the acquisition of Warner Bros. Discovery (WBD.US) for several months. However, as the negotiation period has been forced to extend, the financing costs have also risen.
Trump Plans to Announce South Korea's $200 Billion Energy Investment in the U.S., Covering Eight Nuclear Power Plants and the Alaska LNG Project
U.S. President Trump is expected to announce a plan on Wednesday for approximately $200 billion in South Korean-supported U.S. energy projects, involving eight large nuclear power plants, major power generation facilities in Texas, and an Alaskan liquefied natural gas (LNG) export project.
Apple (AAPL.US) plans to enter the next major category of smart homes in the new AI application sector, with a central device set to be released on October 13
Apple is finally preparing to enter the next major sector: smart home.
Crypto prices
More
