Crypto Analyst Believes XRP has Strong Potential for Significant Upside Growth
A well-known crypto analyst believes that XRP, a cryptocurrency focused on payments, is poised for a positive uptrend. Credible, a popular analyst with a large following on social media, suggests that XRP is showing signs of strength and could see further price increases after maintaining support at $1.35.
According to Credible, XRP’s outlook is promising as long as Bitcoin doesn’t negatively impact the market. He anticipates that XRP could reach at least $1.60 or higher, indicating the potential for significant upward movement.
However, Credible cautions that his optimistic view on XRP could change if Bitcoin experiences a downturn, potentially causing XRP to drop by approximately 22% from current levels. In this scenario, he sees an opportunity for buying the dip if XRP falls below $1.10.
Credible utilizes the Elliott Wave theory, which suggests that assets experience a pattern of five upward waves during bullish periods. At the time of writing, XRP is trading at $1.44, with Bitcoin priced at $94,150.
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