A widely followed cryptocurrency analyst and trader is bullish on XRP.
The analyst, known by the pseudonym CredibleCrypto, tells his 450,200 followers on social media platform X that XRP “looks absolutely fantastic” compared to Bitcoin (BTC).
The trader says he plans to enter a long position in the coming days.
Based on the analyst’s chart for the one-hour time frame, it appears to indicate that XRP could initially trend downward before surging at least 65%.
It also appears that the analyst believes that XRP has formed an inverted head and shoulders pattern over the same period. An inverted head and shoulders pattern is considered a bullish signal in technical analysis.
“In my opinion still the most bullish chart in the entire space off the lows. Just a powder keg building up pressure…”
XRP is trading at 0.00002323 BTC ($2.28) at the time of writing.
Next comes Ethereum (ETH). CredibleCrypto says ETH is likely to trade in a range between $3,000 and $3,800 before bottoming out around $2,800.
Based on the pseudonymous analyst’s chart on the 12-hour timeframe, he suggests that Ethereum…
