Credible Crypto Predicts Huge Rally For XRP, All-Time High Looming For ETH
According to a prominent crypto trader and market analyst, known as Credible Crypto, XRP is getting ready to spark a rally to its all-time high. He also said that demand for Ethereum (ETH) looks very good at the moment.
The crypto analyst shared with his 250K followers on Twitter that XRP seems to be repeating price action from earlier this year when it jumped from $0.30 level in March to its this year high of $1.96 in April.
“If these two structures look similar, it’s because they are. Almost mirror images, except the current consolidation is a larger, longer consolidation structure.
1. Consolidation precedes expansion.
2. The greater the consolidation, the larger the expansion that follows. XRP.”
If these two structures look similar, it's because they are. Almost mirror images, except the current consolidaiton is a larger, longer consolidation structure.
1. Consolidation precedes expansion 2. The greater the consolidation, the larger the expansion that follows$XRPpic.twitter.com/XvaWXxqNjp
If XRP does as Credible Crypto suggests the sixth-largest crypto asset could be heading towards to its all-time high of $3.84.
“The move to $10+ is not going to happen from this next leg of expansion. This next leg should take us close to/maybe a bit past new ATH (all-time high). There will be more periods of consolidation/expansion that follow.”
The pseudonymous trader expects XRP to rise beyond $10 during this cycle, which would be 8.85x from its current price of $1.13.
“Expecting $10+ this cycle – not sure how long it will take, ideally hitting $20-$30.”
Regarding Ethereum (ETH), the demand seems to be at healthy levels. According to Credible Crypto, buyers are quick to get their hands on the leading smart contract platform every time it drops to key support levels.
“ETH looking real healthy here as we maintain our reclaim of supply and dips to key areas of demand are quickly bought up. Continue to the pump to new ATH.”
$ETH looking real healthy here as we maintain our reclaim of supply and dips to key areas of demand are quickly bought up. Continue to the pamp to new ATH. pic.twitter.com/EU2fanOk0Z
