A crypto analyst known for making timely altcoin calls believes that the payments token XRP is primed to soar to fresh record-high levels.
Pseudonymous trader Credible Crypto tells his 474,800 followers on the social media platform X that XRP appears to have printed a bullish higher low setup after flipping resistance at $3.10 as support.
The analyst thinks that XRP will surge to new all-time high levels as long as bulls defend the $3.10 level.
“As long as the green zone holds, we can target range highs/new all-time highs.”
Based on the trader’s chart, he seems to predict that XRP will rally close to $3.90. At time of writing, XRP is trading at $3.25.
Looking at XRP against Ethereum (XRP/ETH), Credible believes that the second-largest altcoin by market cap will outperform ETH, even though the smart contract platform has been on a tear as of late.
“ETH has been performing beautifully lately, but might be time for XRP to take charge again soon…
The downside target on XRP/ETH that was shared nearly three months ago has finally been met.”
As for Bitcoin, Credible expects BTC to ignite fresh rallies as long as one key level holds.
“Bitcoin looking good for new all-time highs as long as we hold above $116,500.”
At time of writing, Bitcoin is worth $119,944.
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