A prominent crypto strategist who continues to amass a large following with his savvy altcoin calls says XRP and five untapped altcoins are primed to erupt.
In a new tweet, the pseudonymous trader known as Kaleo tells his 235,800 followers that he’s buying XRP after the fourth-largest crypto asset broke out from its downtrend in the lower timeframe.
“I also went ahead and grabbed a bag of XRP on the breakout. When XRP makes this type of a move it doesn’t typically slow down until it makes a higher high. I don’t want to watch from the sidelines.”
A new higher high for XRP suggests a move above its 52-week high of 1.96, representing potential gains of at least 40% from its current value of $1.40.
Another coin on Kaleo’s list is blockchain gaming platform Enjin Coin (ENJ). According to the trader, ENJ has breached its diagonal resistance which sets the token for a surge of at least 15% from its price of $2.60.
“ENJ Similar outlook on the USD chart. Looking for a move back to $3+.”
Next up is decentralized hosting platform Holo (HOT), which the trader says is looking to resume its uptrend after a multi-week correction.
“Wanted exposure to a low sat alt in case we see something like we saw last month, so I grabbed a bag of HOT here. My guess is we see a breakout/retest, followed by several days of upward chop before it really starts to move.”
The trader is also looking at OXY, the utility token of Solana-based prime brokerage protocol Oxygen. According to Kaleo, OXY is poised to surpass its all-time high of $4.16.
“Still a huge fan of OXY here. Clean double bottom, testing range highs. Break above the green rectangle and it should be clear skies to $4.50+.”
MAPS is also on Kaleo’s list. According to the crypto analyst, the Solana-based travel and navigation platform offers a lot of upside potential from its current price of $1.83.
“MAPS feels like the forgotten about Sam coin. Another member of the Solana ecosystem that’s been solid, but still really hasn’t done too much. It broke out of a long-term range recently to new highs, retested the breakout, and looks ready for continuation higher. I am long.”
The last coin on Kaleo’s radar is Solana-based automated market maker Raydium (RAY), which the trader expects to explode now that it has shattered its resistance of $13.00. According to the trader, RAY can print gains of over 100%.
“The way the rest of the Solana ecosystem is sending, it’s only a matter of time before RAY explodes out of this accumulation range it’s been stuck into… First 15, then $30 swiftly.”Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
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Featured Image: Shutterstock/Mike H