Credible Crypto: If XRP Clears One Key Resistance, Next Stop Is All-Time High
According to a top crypto analyst and trader, known as Credible Crypto, there is a critical resistance area for XRP, which it has to clear in order to move up to new all-time highs.
XRP
Credible Crypto shared with his 263.6K Twitter followers that XRP is currently taking it step by step and should see clear skies to new all-time highs (ATH) as soon as it manages to break through high timeframe (HTF) resistance.
“Once we manage to clear $1.70 on HTF, we are going to absolutely take off targeting new ATH… You can see here why this region, in general, is so significant.”
Well its really $1.50-$1.70 but on different timeframes they can be identified differently. You can see here why this region in general is so significant but on LTF there are other levels that I have been mentioning. Just been taking it level by level basically. pic.twitter.com/vJWVgxXoQN
Looking at the analyst’s chart, the range between $1.50 – $1.70 was the point of breakdown in May, which led XRP to a several-month bear trend, until it bottomed out in July.
Bitcoin (BTC)
Looking into Bitcoin, Credible says that more downside might be expected to complete the correction, before rising back to $66K levels.
“We got our move up- upside from current levels is limited imo, now looking for a move back down to complete this correction- then expecting further ranging for some time.”
We got our move up- upside from current levels is limited imo, now looking for a move back down to complete this correction- then expecting further ranging for some time. $BTChttps://t.co/9uJ0rohf1upic.twitter.com/HpfszDzhqG
Back in early November, as Bitcoin rallied above $67,000, Credible called that the rally would fall short and BTC would go through a short-term pullback.
Credible Crypto also looks into Hedera Hashgraph (HBAR) – a public network for peer-to-peer payments. According to the analyst, HBAR looks bullish after clearing a critical level.
“Ladies, gents, and HBAR-barians, we just got our first confirmed daily close above the supply zone that I was referring to below ($0.42). Buckle up. Your patience is about to be handsomely rewarded.”
The trader also pointed out that when HBAR was #165 crypto asset by market cap in January this year, he made a prediction that it would become a top 20 crypto. It’s currently in top 30.
When I made this video 10 months ago, I said $HBAR would be a top 20 altcoin. At that time, it was rank #165. Today, HBAR sits at #30. Top 20 is just a matter of time and we will be there before you know it ? https://t.co/8yOok4c9fR
