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