The post XRP Has Most Bullish-Looking Chart in Entire Crypto Space, According to Analyst – Here’s Why appeared on BitcoinEthereumNews.com.

A widely followed cryptocurrency analyst and trader is leaning bullish on XRP. The analyst pseudonymously known as CredibleCrypto tells his 450,200 followers on the social media platform X that paired against Bitcoin (BTC), XRP “looks absolutely fantastic.” The trader says he plans to enter a long position in the coming days. Based on the analyst’s chart on the one-hour time frame, it appears he is suggesting that XRP could first trend downwards before skyrocketing by at least 65%. It also appears that the analyst believes XRP has formed an inverse head-and-shoulders pattern in the same time frame. An inverse head-and-shoulders pattern is considered a bullish signal in technical analysis. “Still the most bullish-looking chart in the entire space off the lows in my opinion. Just a powder keg building pressure…” Source: CredibleCrypto/X XRP is trading at 0.00002323 BTC ($2.28) at time of writing. Next up is Ethereum (ETH). CredibleCrypto says that ETH is likely to trade in a range of between $3,000 and $3,800 before bottoming out at around $2,800. Based on the pseudonymous analyst’s chart on the 12-hour time frame, he suggests Ethereum could then rally to a new all-time high above $6,000. Source: CredibleCrypto/X Ethereum is trading at $3,492 at time of writing. Turning to the Ethereum/Bitcoin pair, the widely followed analyst says he is still targeting Ethereum to drop to around the 0.02700 BTC to 0.02800 BTC level before he can enter a long position. According to CredibleCrypto, ETH/BTC is now “grinding back down” after initially rallying. “Would be an absolutely epic entry if we get it that will probably mark this cycles pico bottom on ETH/BTC as well.” Source: CredibleCrypto/X ETH is trading at 0.03542 BTC at time of writing. Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check…

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Filed under: News - @ December 26, 2024 10:18 am