dailyhodl.com
A crypto strategist known for making timely altcoin calls thinks it is within the realm of possibility for $XRP to his massive price target.
Pseudonymous analyst Credible tells his 434,700 followers on the social media platform X that a new all-time high ($ATH) for $XRP against Bitcoin ($XRP/$BTC) is not a “matter of if but when.”
But the trader highlights that the road to a new all-time high for $XRP/$BTC won’t come easy as the pair still needs to overcome two stiff resistance levels.
“The red zone is major resistance – odds are we find some resistance there on this push – that being said it’s a massive region/zone so $XRP could push significantly higher on the USD pairing before we start taking a breather (1.50-$2)…
Flipping the dotted red line above the red zone and establishing it as support is what we want to see to start going for new $ATH. That’s THE most important level on this entire chart.”
According to the crypto strategist, shattering the 0.0000399 $BTC “red dot” resistance will put the pair in a position to rally to new all-time highs, which he notes would bode well for $XRP/USD.
“If/when we flip that to support, double digits [$XRP/USD] probably come quickly… At current $BTC prices, a new $ATH on $XRP/$BTC would put us over $20 easily. That being said – you’ll need to be patient – need to clear the red zone and flip the level above before we can start considering that and that may take some time.”
At time of writing, $XRP/$BTC is trading for 0.00001196 $BTC ($1.10).
Generated Image: Midjourney