Top crypto analyst and trader Credible Crypto believes XRP is in a position to outpace Ethereum (ETH) once the next leg of the bull market resumes.
Credible Crypto is sharing a chart with his 66,000 Twitter followers that he says depicts the bullish market structure of the XRP/ETH pair.
“People are starting to take notice. I’ll say it again – expect XRP to outperform ETH over the coming months. Has nothing to do with fundamentals or my affinity towards either coin – just the charts, plain and simple.”
Before XRP can unleash its bullish potential, Credible Crypto believes that Bitcoin has to first reclaim a key level.
“We are getting some relief across the board. BTC likely to $10,650 ish, ETH to $360 ish. Break those levels and the bottom MAY be in. Fail to do so and we get one final leg down. Regardless, the worst is now over [in my opinion].”
Credible is not the only crypto analyst who thinks that the worst may be over for Bitcoin. The trader known in the industry as Bitcoin Jack believes that the king crypto is likely to hold support around $10,000 and relaunch the bull rally.
“If BTC is in a bullish trend, this is a level of support that should hold. Historically at pullback levels that – in a bullish market – always held. If not – we are in for far more trouble, but I think the odds for holding support and bouncing are good.”
Featured Image: Shutterstock/Pavel Chukhov