A widely followed crypto analyst is anticipating a massive increase in XRP rival Ethereum (ETH) as he updates his outlook on Bitcoin (BTC) and two other currencies.
Altcoin Sherpa pseudonym dealer Tells His 183,000 followers on Twitter said that XRP should rise to $0.60 before eventually hitting $0.87.
“XRP: Go to $0.60 and then $0.87 if that crashes completely. Strange reaction to some of these altcoins.”
XRP is trading at $0.49 at the time of writing.
A rally to Altcoin Sherpa’s target of $0.87 will lead to an almost 80% rise in the payments token.
Then the analyst subtracts bitcoin, say That the current price level for King crypto appears to be “spent”, which means it is believed to drop soon.
“BTC: I think the wick around $18,500 has been spent quite a bit, and it looks likely that the next wick is coming. 18,000 and 17,500 are the next demand areas, they will remain very cautious.”
The highest crypto asset by market capitalization is moving at $18,873 at the time of writing.
Next on the list of traders is the ETH Optimism (OP) metric solution. Altcoin Sherpa says so while he expect The OP bounce in the short term, is eventually expected to settle around the $0.50 area.
OP: This current area is HVN [high volume node] In a volume profile, so maybe a bounce, but that’s still a comfortable sell all the way down to $0.50 in my opinion.”
OP is currently trading at $0.926.
Altcoin Sherpa concludes its analysis by introducing ApeCoin (APE), the original non-fungible asset of the Bored Ape Yacht Club (NFT) community. he is Says That APE is currently at a significant price level and that it “looks scary”.
“Monkey: $5.85 is an important IMO level, not 1 day [one day] It closes there in about two weeks. Doing so might mean the middle of $6, but it’s a solid level. I’m still in my position but I made more profit around the $5.90 area. It looks a little scary, so make more money here.”
APE is valued at $5.62 at the time of writing.
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