Cryptocurrency Analyst Reveals Projections for PEPE, Ethereum, and XRP: Check Out the Targets
Crypto analyst CrediBULL Crypto recently shared insights on the market performance of Pepe (PEPE), Ethereum (ETH), and XRP. According to CrediBULL Crypto’s analysis, PEPE is poised to reach a new high soon after maintaining a range since reaching an all-time high in May.
In a post on X (formerly Twitter), CrediBULL Crypto highlighted PEPE’s resilience amid the broader crypto market’s downtrend. The analyst suggested that PEPE might experience another upward movement to tap into untapped liquidity before aligning with the current bearish market trend.
CrediBULL Crypto refrained from opening a long position on PEPE at the moment, opting to monitor developments closely. Based on the shared chart, PEPE could potentially surge to $0.00001382 as it capitalizes on the untapped liquidity discussed by the analyst. However, the analyst also warned of a possible drop to $0.00000570 following the anticipated upward rally, contingent on a market rebound for Bitcoin and the broader crypto market.
Looking at Ethereum, CrediBULL Crypto predicted a potential drop below $2,800 in the near future. Despite cutting his shorts in anticipation of a relief bounce that did not materialize, the analyst remains optimistic about Ethereum’s long-term prospects. He expressed interest in reloading if Ethereum were to drop to new lows, having previously forecasted a rise to $20,000 in the current market cycle.
Regarding XRP, CrediBULL Crypto maintained his earlier analysis, suggesting that XRP continues to trade within a range. While he currently refrains from trading the crypto token, he expressed potential interest in a trade if XRP were to decline to $0.50 or even as low as $0.39.
CrediBULL Crypto emphasized the possibility of XRP dropping to these levels, noting a previous pump that pushed XRP above local highs before an expected pullback to the green zone as indicated on the charts.
In conclusion, CrediBULL Crypto’s market analysis provides valuable insights into the potential price movements of PEPE, Ethereum, and XRP, offering a glimpse into the dynamic landscape of the cryptocurrency market.
