Thu 26 December 2024 ▪
3
min reading ▪ acc
As investors scan the cryptosphere for the next boom, one question remains: is bitcoin still dominating, or are altcoins like XRP or Ethereum taking over? According to CredibleCrypto, an analyst with over 450,000 followers, XRP seems to be playing a major role. In this article, let’s dive into the technical signals and strategies revealed by this expert to understand why XRP is attracting so much attention.
Ripple’s XRP: Explosive Dynamics to Watch
Ripple news: CredibleCrypto analyst is clear: XRP is currently the star of the crypto charts. With a price fromabout $2.17XRP represents a classic but powerful technical configuration: “ head and shoulders inverted “. This bullish signal could herald a spectacular 65% jump.
According to the analyst:
” Still the most bullish chart in the entire crypto space since the lows. Just a powder that creates pressure. »
Such an explosion could be facilitated by it :
- XRP stabilization around key support zones;
- Predictable rejection of resistors D3;
- Growing interest from whales and institutional traders.
At the same time, they indicate movements on XRP/USD and XRP/BTC optimal entry opportunities for traders ready to anticipate volatility. With an enthusiastic community and solid technical potential, Ripple is well positioned for a rally.
Crypto trading: When Ethereum plays the waiting card
Unlike XRP, Ethereum (ETH) is moving in a zone of uncertainty. Currently at $3,345, its analyst estimates swings between $3,000 and $3,800 before a possible correction to $2,800. For those favoring a long entry, the ETH/BTC pair remains strategic, although a drop to 0.027 BTC is expected before a possible bounce.
CredibleCrypto also commented on X: “ This could be an epic entry into this cycle that will mark the ETH/BTC pico low. »
However, this wait is accompanied by some excitement:
- Market sluggishness could give way to pumps for certain altcoins;
- Methodical profit taking enhances liquidity;
- Traders monitor key areas like birds of prey ready to pounce.
At the price of Ethereum, the path to a new high above $6,000 it may still require months of patience, but the foundations remain solid.
XRP holders rejoice: bullish indicators combined with the growing appeal of stablecoin RLUSD offer a bright outlook. Some even venture to predict that XRP will reach $100 by 2025. Time will tell if Ripple turns these hopes into reality.
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The blockchain and crypto revolution is in full swing! And on the day the effects are felt by the most vulnerable economy in this world, I will say against all hope that I had something to do with it
DISCLAIMER OF LIABILITY
The comments and opinions expressed in this article are solely those of the author and should not be considered investment advice. Before making any investment decision, do your own research.