dailyhodl.com
A widely followed analyst and trader is leaning bullish on a large-cap altcoin that has skyrocketed by over 5x in a month.
The analyst pseudonymously known as Sherpa tells his 233,400 followers on the social media platform X that he “wouldn’t be surprised to see” $XRP break out into a new all-time high on its US dollar pair.
$XRP is trading at $2.65 at time of writing, around 23% below the all-time high of $3.40.
The third-largest crypto asset by market cap is up by around 434% since November 4th.
According to the pseudonymous analyst, the $XRP/Bitcoin pair presents a “much better” risk-reward ratio. Based on Sherpa’s chart, it appears that $XRP/$BTC is sitting below a resistance level that has existed since May of 2021 and is around 88% below the all-time high of 0.0002247 $BTC.
$XRP is trading at 0.00002727 $BTC ($2.63) at time of writing.
The widely followed analyst also offers his insight into the Solana ($SOL) ecosystem. Sherpa says,
“The road is long and hard and it can be difficult to hold. But I still believe that many artificial intelligence (AI) coins on $SOL are going to be very strong in the next few months. I still believe that it’s the best marriage between speculation and tech.”
Listing some of his picks in the Solana ecosystem, Sherpa says that the AI-related crypto assets Goatseus Maximus (GOAT), The AI Prophecy (ACT), Zerebro (ZEREBRO) and others are “very solid.”
Zerebro is trading at $0.373 at time of writing, up by around 2,148% over the past 30 days. The AI Prophecy is changing hands at $0.532 at time of writing, up by around 2,430% over the past month while Goatseus Maximus is trading at $0.817 at time of writing, up by around 62% in the last 30 days.
Generated Image: Midjourney