Credible Crypto: XRP Looks Bullish After Holding Well During Latest Correction
According to a top crypto analyst and trader, known as Credible Crypto, XRP could be preparing to make big moves after staying above macro support level during the latest market-wide correction.
Credible Crypto shared with his 296K Twitter followers that Bitcoin (BTC) looks strong at the moment and would not have hard time climbing up until hitting the $45,000 level.
“BTC looks great here. Not much in terms of resistance until $45,000+. Expecting upside across the board in the coming days as long as the green region is held (which I expect it will be).”
$BTC looks great here. Not much in terms of resistance until 45k+. Expecting upside across the board in the coming days as long as the GREEN region is held (which I expect it will be). pic.twitter.com/7Gdbnzmwx5
Looking into XRP the analyst notes that it has been holding up better than BTC, and could really make a jump to higher levels.
“While BTC recently swept our wick lows at $42,000 and Ethereum dumped even further below its own, XRP has held up incredibly well through this correction and has not gotten close to its own wick lows. Path of least resistance seems to be Up. All eyes may be on XRP soon.”
While $BTC recently swept our wick lows at 42k and ETH dumped even further below its own, $XRP has held up incredibly well through this correction and has not gotten close to its own wick lows. Path of least resistance seems to be UP. All eyes may be on $XRP soon. pic.twitter.com/VHg5Spn3t8
Back in August 2021, Credible Crypto laid out a path for XRP to climb somewhere between $20 and $30 by the end of the bull cycle. That target is still valid, he says.
Current price levels are a good launchpad for a parabolic uptrend, given that XRP bears look like they’re starting to run out of steam, the analyst notes.
“[…] My expectation is we head up. Path of least resistance is a way of saying sellers seem exhausted and the market seems to think XRP is a better buy here then a sell, hence price should go up.”
At the time of writing XRP is trading at $0.7774 trading sideways on the daily chart.
