A well-known analyst and trader is expressing a bullish sentiment towards a large-cap altcoin that has experienced a significant surge of over 5 times its value in just one month. The analyst, who goes by the pseudonym Sherpatellshis, has a following of 233,400 on the social media platform X. He believes that XRP, a cryptocurrency, has the potential to reach a new all-time high in its value when paired with the US dollar.
XRP is currently trading at $2.65, which is approximately 23% lower than its all-time high of $3.40. Since November 4th, the third-largest cryptocurrency by market capitalization has seen a 434% increase in value. Sherpatellshis suggests that the risk-reward ratio for the XRP/Bitcoin pair is much more favorable. According to Sherpa’s chart, XRP/BTC is currently below a resistance level that has been present since May 2021 and is approximately 88% lower than its all-time high of 0.0002247 BTC.
At the time of writing, XRP is trading at 0.00002727 BTC ($2.63). The analyst also provides insights into the Solana (SOL) ecosystem, stating that he believes many artificial intelligence (AI) coins on SOL will show significant strength in the coming months. Sherpatellshis mentions several AI-related crypto assets in the Solana ecosystem, including Goatseus Maximus (GOAT), The AI Prophecy (ACT), and Zerebro (ZEREBRO), which he considers to be very solid investments.
Zerebro is currently trading at $0.373, reflecting a 2,148% increase over the past 30 days. The AI Prophecy is valued at $0.532, representing a 2,430% increase over the past month, while Goatseus Maximus is trading at $0.817, indicating a 62% increase in the last 30 days.
It is important to note that the opinions expressed in this article are not investment advice, and investors should conduct their own research before making any high-risk investments in Bitcoin, cryptocurrency, or digital assets. Transfers and trades are done at one’s own risk, and any losses incurred are the responsibility of the individual. The Daily Hodl does not endorse the buying or selling of any cryptocurrencies or digital assets, nor does it provide investment advice.
