It has been revealed that we can expect to see the price of XRP exploding once a resistance level is surpassed. More than that, we can also look forward to some pretty exciting moves for the prices of BTC and ETH.
XRP, ETH, and BTC price predictions
According to a popular crypto analyst, XRP is looking bullish after a recent US court decision.
The analyst, who goes by the name Credible Crypto on social media, shared with his 346,700 followers that the decision rejected the SEC’s attempt to appeal a previous ruling in favor of Ripple.
This ruling stated that Ripple’s sales of XRP did not violate securities laws.
Credible Crypto believes that this decision would have caused a surge in trading activity in the XRP market, which is currently experiencing tight liquidity. To start a bullish trend, XRP needs to break through the $0.60 resistance level.
“We get past that, we fly. We reject there and it just means we aren’t ready yet- primarily due to a lack of liquidity in the space right now.”
He continued and stated the following:
“That being said, this is awesome news [the rejection of SEC’s appeal attempt], makes me even more excited for XRP when new money begins to flow back into this space… And has increased my long-term conviction in XRP.”
XRP is worth $0.532 at time of writing.
When it comes to Bitcoin (BTC), an analyst and trader who goes by the pseudonym Credible Crypto predicts that if it undergoes a correction, it will likely respect the support level at $24,800.
However, he has a more bearish outlook on Ethereum (ETH), the second-largest digital asset by market cap.
Credible Crypto believes that ETH may hit a new local low since its range low demand has already been tested and is likely to give way upon another test.
Additionally, there is an inefficiency just below the range lows and a more significant area of demand just below that as well.
Credible Crypto’s prediction is that ETH will make another local low while BTC maintains a higher low above $24,800, which he sees as evidence of expected weakness in most altcoins and ETH/BTC for now, while BTC dominance rises into new highs.
