The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

Crypto Analyst Says XRP Ready to Rip – Here’s the New Target From Credible Crypto

by Daily Hodl Staff
December 7, 2020
in Ripple and XRP, Trading

A popular crypto analyst is updating his near-term forecast for XRP.

The pseudonymous analyst, known in the industry as Credible Crypto, tells his 82,000 Twitter followers that XRP appears poised to once again make a significant move to the upside.

The strategist, who relies on Elliott Wave Theory to assess market trends and investor behavior, expects XRP’s breakout to continue. However, he says all bets are off in the short-term if BTC moves below the $18,800 level.

“If this 19,000 level holds, I expect we go for new ATH (finally) next. Anything below 19k will have to wait at that point in my opinion… 18.8-19k to be exact.”

If Bitcoin’s price holds up, the analyst expects XRP to move from its current price of about $0.61 to around $1.15.

If Bitcoin does break down, fellow analyst Michaël van de Poppe says XRP is likely to move to the $0.36 area.

He also believes XRP is targeting $1.00, based in part on momentum from the upcoming Flare airdrop.

“The momentum is on Bitcoin, but there is also significant momentum on XRP as there is an airdrop approaching in the coming week…

The $0.22 [mark] flipped for support which granted that we’ve made a higher low structure in this upward structure during the year 2020 after which this downtrend broke to the upside, resulting in such a massive impulse wave toward $0.80.

However, as XRP frequently has those massive moves, a correction is most likely to happen through which we can anticipate potential support around $0.45 and potentially at $0.36 to $0.32 if Bitcoin starts to correct. If that happens the next impulse wave might go toward $1.00-plus.”

Check Latest News Headlines


 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Sittipong Phokawattana

Submit a Press Release

Industry Announcements

  • TMNG Tokens Successfully Listed on MEXC Crypto Exchange
    December 1, 2023
  • Sui Surpasses $150 Million in TVL, Showcasing Blistering DeFi Momentum
    November 30, 2023
  • Duelbits Announces Landmark Collaboration With Football Icon Luis Suárez
    November 29, 2023
  • BinaryX Launches AI Chat Game ‘AI Hero’ With Limited NFT Mints
    November 28, 2023
  • Binance Labs and BNB Chain Open New Founder-Focused Track To Incubate 100 Early-Stage Projects
    November 24, 2023
  • Socrates Launches Groundbreaking Social Media and Entertainment Platform for Web 3.0 Users Globally
    November 23, 2023
  • GCEX Receives Operational VASP License From Dubai’s Virtual Assets Regulatory Authority
    November 22, 2023
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$38,834.40
$38,834.40
1.1%
Ethereum
$2,103.37
$2,103.37
1.15%
Cardano
$0.387767
$0.387767
1.91%
XRP
$0.614646
$0.614646
1.21%
Dogecoin
$0.083921
$0.083921
1.31%

Spotlight

  • $100,000 Bitcoin Price Incoming, Predicts Macro Guru Dan Tapiero – Here’s the Timeline
    November 25, 2023
  • Newly Launched Solana-Based Altcoin Could Explode by More Than 880% in 24 Months, According to InvestAnswers
    November 25, 2023
  • Hollywood Director Booked 575% Profit on Dogecoin Bet Funded With Diverted Netflix Budget: Report
    November 25, 2023
  • Bitcoin Surging by up to 960% This Bull Cycle ‘Very Reasonable’, Says Michaël van de Poppe – Here’s His Outlook
    November 25, 2023
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2023 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2023 The Daily Hodl