A well-regarded cryptocurrency strategist believes that XRP is preparing for a bullish continuation after experiencing a strong rally last month. The pseudonymous analyst known as Credible states that he is closely monitoring the XRP/ETH pair and predicts that XRP/USD could reach a price level not seen since January 2018, when the altcoin reached its all-time high. He estimates that there is still approximately 98% upside potential against ETH before his initial target is met, which would put XRP at over $5 based on the current price of ETH ($4,000). In the short term, he expects XRP to reclaim a low time frame range, leading to a ~30% upward movement and potentially pushing the price over $3 for the first time in over six years. Credible ultimately believes that XRP will surge to a new all-time high this market cycle, possibly reaching a minimum of $10. However, he plans to wait for double digits and actively trades XRP in his portfolio, taking profits along the way, but he will not touch spot trading until he believes that the XRP cycle is nearing its end. Currently, XRP is trading at $2.51. The analyst also anticipates that other battered altcoins will experience significant price increases before the current bull market ends. He believes that most coins that have been down 80-90% for months will surpass their previous all-time highs during this cycle, as long as they are not fraudulent projects.
