Crypto Analyst Says XRP Looks ‘Fantastic,’ Sees Potential for Bigger Upside Move for the Large-Cap Altcoin

A intently watched crypto analyst thinks the payments-focused altcoin XRP is in a powerful place to witness a bullish continuation.

Pseudonymous analyst Credible tells his 439,700 followers on social media platform

In line with the crypto strategist, XRP will see extra will increase so long as Bitcoin (BTC) doesn’t play the spoiler.

“XRP appears to be like nice right here, so long as BTC does not crash the occasion.

I’d count on a transfer to the vary highs of no less than $1.60+, however this could possibly be the beginning of a much bigger transfer to the upside.”

However the dealer warns that his bullish outlook for XRP might be invalidated if Bitcoin takes down the complete crypto market. In a scenario the place BTC collapses abruptly, says the crypto strategist sees XRP is retreating no less than 22% from present ranges.

“If BTC breaks, XRP will seemingly make a transfer under $1.10, confirming the completion of our first main surge on XRP from $0.48-$1.62.

If XRP breaks under $1.10 there’s a nice dip shopping for alternative someplace under that and above $0.48, but when .”

Credible observe of Elliott Wave principle, which states {that a} bullish asset goes by means of a collection of rallies in a five-wave upward motion.

On the time of writing, XRP is buying and selling at $1.44, whereas BTC is price $94,150.

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