A popular analyst says crypto market participants are overlooking a payments-focused altcoin that has performed well in recent months.
The crypto strategist, who goes by the pseudonym Altcoin Sherpa, tells his 236,400 followers on social media platform X that he believes XRP will reach record highs before the market cycle comes to an end.
But for now, the trader is using the Fibonacci retracement levels to stake out a decent support area for XRP bulls.
“XRP will continue to be understocked and slept on by crypto natives. I still think $2 is a reasonable buy and that this will break the ATH (all-time high) by the end of the cycle.”
At the time of writing, XRP is worth $2.17.
Looking at the memecoin Popcat (POPCAT), the trader believes that the Solana (SOL)-based crypto asset may be about to end its multi-week downtrend.
“POPCAT, this should be the relative low point.”
At the time of writing, POPCAT is trading for $0.798.
Regarding a crypto project dubbed the Solana killer, altcoin Sherpa says traders should not underestimate Layer 1 protocol Sui (SUI) despite its bearish-looking daily chart.
“SUI, I would never…
