A pseudonymous crypto analyst, Credible Crypto, has stated that Ripple’s digital token XRP may be ready to take the spotlight after holding strong macro support during the recent market-wide pullback.
According to Credible Crypto, Bitcoin (BTC), the largest cryptocurrency by market capitalization, looks great and may not encounter any notable tests until breaking above $45,000 resistance level.
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On the other hand, the analyst pointed out that the digital token XRP has been holding up stronger than Bitcoin (BTC) and could be ready to finally breakout.
“BTC looks great here. Not much in terms of resistance until $45,000+. Expecting upside across the board in the coming days as long as the green region is held (which I expect it will be)…”
“While BTC recently swept our wick lows at $42,000 and Ethereum dumped even further below its own, XRP has held up incredibly well through this correction and has not gotten close to its own wick lows. Path of least resistance seems to be Up. All eyes may be on XRP soon.”
Back in August 2021, Credible Crypto said that he was expecting XRP to finish off the bull market somewhere between $20 and $30, and he says that target still stands.
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The analyst said current prices could serve as the Launchpad for a parabolic uptrend, given that XRP bears look like they’re starting to lose strength:
“My expectation is we head up. Path of least resistance is a way of saying sellers seem exhausted and the market seems to think XRP is a better buy here then a sell, hence price should go up.”
At the time of writing, XRP is trading at $0.7821, with a relatively 1% price upsurge in the last 24 hours, according to CoinMarketCap.
