Credible Crypto Calls A Huge Rally For XRP & Altcoins To Outperform Bitcoin
A top crypto strategist and trader known as Credible Crypto is mega bullish on XRP and expects altcoins outperform Bitcoin (BTC).
XRP
Credible Crypto shared with his 258,500 followers on Twitter that the price structure of XRP Ledger’s native token XRP is very similar to data-sharing protocol OriginTrail, whose native token TRAC just rallied more than 3X following its recent listing on Coinbase Pro.
The market analyst predicts that XRP will follow a similar path to TRAC, taking the cryptocurrency back to its previous all-time high of $3.40.
“The XRP chart below is from my last YouTube video on XRP made in August. The chart next to it is another coin that I came across today that has the same structure but is one step ahead with the 5th wave already in progress. Do you see it now?”
The $XRP chart below is from my last Youtube video on XRP made in August. The chart next to it is another coin that I came across today that has the same structure but is one step ahead with the 5th wave already in progress. Do you see it now? pic.twitter.com/e5uMh7PqQu
Credible Crypto also predicts ETH’s next leg up to kick off a new alt season, now that Ethereum has launched a new breakout against Bitcoin (ETH/BTC).
The trader also believes that Bitcoin dominance has likely already topped out, which would indicate an incoming altcoin rally.
“ETH/BTC broke out today, closing above the key resistance zone I was watching. This is a great sign and indicates BTC dominance may have already found its top and alts may be about to steal the show, led by ETH.”
ETH/BTC broke out today, closing above the key resistance zone I was watching. This is a great sign and indicates $BTC dominance may have already found its top and alts may be about to steal the show, led by $ETH. https://t.co/lGCdQYzGRv
However, he points out that Bitcoin dominance dropping doesn’t necessarily mean that BTC’s price will drop. It would just indicate altcoins growing faster relative to Bitcoin.
No it just means that if BTC is rising alts will probably rise faster. We saw this in 2017 in the latter stages of the bull run as lots of new money started pouring in.
Credible Crypto is also looking into Bitcoin, and according to him the leading digital asset is in a deciding point to see whether it wants to break to the upside or continue to range.
Looking at his chart, a rejection at $63K-$64K could take BTC down to major support around $58K.
“63-64k tagged BTC. Now to see if we break out to new ATH [all-time high] or reject soon and continue to range.”
