XRP and One Low-Cap Altcoin Gearing Up for Rallies As Bitcoin (BTC) Pulls Back: Top Crypto Analyst

A popular crypto strategist is predicting rallies for XRP and one decentralized finance (DeFi) altcoin and says that Bitcoin (BTC) will likely take a breather.

Pseudonymous analyst Credible tells his 308,400 Twitter followers that he sees XRP bouncing and reclaiming the $ 1.00 level.

“We are now right in my area of ​​interest. Might head a few cents lower than where we are now but as per my last tweet, I expect we form a bottom / higher low in this region and continue up. XRP. ”

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Source: Credible / Twitter

At time of writing, XRP is trading at $ 0.83, up over 6% in the last 24 hours. A move to Credible’s $ 1.00 target indicates an upside potential of over 20% from XRP’s current price.

The crypto trader is also bullish on Hedera Hashgraph (HBAR), a public network for peer-to-peer payments. Credible says it is possible for HBAR to bounce off support at $ 0.22 and rally to its short-term target above $ 0.26.

“Since my last update, we pushed into weekly supply and are now seeing a pullback. As stated, we need to reclaim this region to confirm a bottom. I would like to see us hold the $ 0.22- $ 0.23 region and then make another attempt at reclaiming the weekly supply. HBAR. ”

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Source: Credible / Twitter

As for Bitcoin, Credible says that he’s still bullish on BTC even if it goes slightly below $ 40,000.

“We wicked into the $ 45,000- $ 47,000 region putting in a local higher high and now look to be correcting as expected. Not sure how deep this pushes but anything down to $ 38,000- $ 39,000 would be fine in my opinion. ”

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Source: Credible / Twitter

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Featured Image: Shutterstock / Tithi Luadthong



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