There’s a popular crypto strategist and trader who highlights an important resistance area for XRP that has to be taken out in order for the digital asset to be able to reach a new ATH.
An important analyst who goes by the name Credible said that XRP is currently taking it one level at a time and should see clear skies to new ATHs once it breaches a high timeframe (HTF) resistance.
“Once we manage to clear $1.70 on HTF, we are going to absolutely take off targeting new ATH… You can see here why this region, in general, is so significant.”
According to the analyst’s chart, the area between $1.50 – $1.70 was the point of breakdown in May, and this ignited a multi-month bear trend for the seventh-largest crypto asset until it bottomed out in July.
Looking at Bitcoin, Credible said that BTC is primed for a short-term bounce after retesting support around $62,000.
“[BTC] decided to take the lows first. Let’s run it back to $66,000 = now. Note that while BTC made a local lower low here, most alts did NOT. This is a good sign.”
According to the online publication the Daily Hodl, the crypto strategist is also looking at Hedera Hashgraph (HBAR).
This is a public network for peer-to-peer payments, as the Daily Hodl notes.
According to Credible, HBAR looks bullish after climbing above a critical level.
“Ladies, gents, and HBAR-barians, we just got our first confirmed daily close above the supply zone that I was referring to below ($0.42). Buckle up. Your patience is about to be handsomely rewarded.”
At the moment of writing this article, XRP is trading in the green and the digital asset is priced at $1.21.
XRP expects a new breakout
There are all kinds of optimistic predictions about the price of some digital assets, and XRP is one of them. Check out the latest prediction revealed by an important analyst.
He is bullish on XRP, and he also believes that altcoins are in a prime position to outpace Bitcoin (BTC).
The pseudonymous analyst is known as Credible Crypto, and he recently said that XRP’s price structure looks very similar to data-sharing protocol OriginTrail.