A popular crypto analyst, known as Credible Crypto, is predicting big things for XRP. They believe this altcoin is about to hit a new all-time high much faster than most people expect.
XRP’s Recent Performance and Future Predictions
XRP’s price has more than doubled in the last two weeks, currently trading around $1.41. Credible Crypto, who boasts a large following on X (formerly Twitter), thinks it will significantly outperform both Bitcoin and Ethereum. They see the next target price at $2, followed by a new all-time high.
Technical Indicators Point to Bullish Momentum
Credible Crypto points to the Relative Strength Index (RSI) as a key indicator. The monthly RSI for XRP is nearing the overbought zone (70-100), which, according to the analyst, suggests strong momentum and a bullish outlook. They emphasize that the higher the time frame for this indicator, the more significant it is.
XRP vs. Ethereum: A Bullish Outlook
The analyst also sees a very bullish outlook for XRP against Ethereum (ETH). They believe XRP/ETH has broken through a four-year resistance level, setting the stage for potential triple-digit percentage gains against ETH.
Disclaimer: This information is for general knowledge and does not constitute financial advice. Always conduct your own thorough research before investing in cryptocurrencies.
