A cryptocurrency analyst and trader is highlighting a large-cap altcoin that he says appears extremely bullish.
In a new video, the analyst, known under the pseudonym Credible Crypto, tells his 65,700 YouTube subscribers that the payments-focused digital asset XRP has one of the most bullish market structures in crypto, according to the charts.
“[XRP] is probably the most bullish altcoin in this space right now…
XRP is currently one of the few coins that has a very clear bullish momentum structure on shorter time frames, on higher time frames and on every time frame. And very easily and clearly identifiable…
That’s exactly what we’re seeing here with XRP – a very clear price action that shows impulsive price movements.”
The pseudonymous analyst, who regularly uses Elliott Wave theory in his technical analysis, says XRP could explode by up to 1,295% from current levels.
In technical analysis, Elliott Wave Theory suggests that a bullish asset experiences a five-wave rally before correcting in a three-wave pattern.
Credible says,
“I think XRP is preparing for the next bullish impulse here…”
