Crypto Analyst Predicts XRP Price Will Skyrocket, Is That True?

Crypto market analyst predicts XRP price. (photo: Cryptodailygazette)

JAKARTA – In the midst of XRP's feud with the SEC in court, the Ripple cryptocurrency is predicted to steal the attention in the future after staying at the support level when the crypto market underwent a massive correction recently.

This was conveyed by a strategist with the pseudonym Credible Crypto to his 295,000 followers. He said that BTC is in a good position and will rise above 45 thousand US dollars as reported by The Daily Hodl.

“BTC looks good here. Not much in terms of resistance to 45,000+ US dollars. Expect overall gains in the coming days as long as the green is maintained (which I hope will happen).”

Credible Crypto then stated that XRP was holding out stronger than the world's largest crypto and was then ready to experience a price spike.

“While BTC has recently dropped to lows of $42,000 and Ethereum has fallen further below it, XRP has held up very well through this correction and has yet to come close to its own lows. The line with the least resistance seems to be going up. All eyes will probably be on XRP soon," he said.

Previously, Credible had stated that he expected XRP to end its bullish trend at levels between 20 to 30 US dollars per coin. He mentioned that the target is still there. Credible added that the current price position can serve as the basis for the next bullish trend considering that XRP's bearish trend is starting to decrease.

Credible hopes that XRP will lead the upward trend and mentions that sellers are experiencing a saturation point and are starting to think about buying XRP at the current price before experiencing a parabolic increase.

As of writing, the XRP cryptocurrency is trading at IDR 10,893. However, data from Coingecko shows that XRP has decreased by 2.2 percent in the last 24 hours.