Popular trader and analyst Credible Crypto says the second-largest and the fifth-largest crypto assets are set to rally in a similar fashion to Bitcoin.
In a series of tweets, Credible Crypto first says that Ethereum is following the script laid out by Bitcoin when it tripled in price after breaking through the 2017 high.
[adinserter block="1"]“Remember that time when BTC broke $20,000 and then flew to $60,000 in a matter of weeks? Well now ETH wants to play follow the leader. $3,000 is just the start.”
When asked to state a price target for Ethereum by a follower, Credible Crypto reveals that he expects the second-largest cryptocurrency to reach “at least $8,000-$10,000.”
Currently, Ethereum is trading at slightly below $3,500, meaning it could rise by between 130% and 190% if Credible Crypto’s prediction comes to pass.
In the case of XRP, the crypto trader says that it’ll follow a similar script to Ethereum.
The cryptocurrency trader and influencer bought a stake in XRP when it was priced at between 90 cents and $1. XRP is currently trading at $1.45. While he has sold off a portion of that stake, the digital asset is now up by between 45% and 60%.
Credible Crypto says he will increase his XRP stake if the fifth-largest digital asset by market cap retraces.
“Up nearly 60% from where my bids were filled earlier in the “ideal bid” region. Now pushing into H4 supply. Locking in some profits here and will reload if we get a dip. $XRP.”
Outside of Ethereum and XRP, Credible Crypto points out that Bitcoin faces strong resistance at the $60,000 level and could possibly fall to $52,000, a point at which he could place bids.
[adinserter block="1"]The flagship cryptocurrency was trading at slightly below $56,000 at time of writing.
“This is why we become cautious at resistance. I’ll likely look to long 52k if we get it. $BTC.”
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Featured Image: Shutterstock/Roman Voloshyn
