Prominent crypto strategist Credible has signaled a positive outlook for XRP, emphasizing that the cryptocurrency is likely to maintain its upward trajectory following notable gains in recent months. This forecast has caught the attention of many social media followers keen on cryptocurrency trends.
What Drives XRP’s Market Strength?
Credible encourages stakeholders to keep a close watch on XRP’s performance relative to Ethereum on platform X. The XRP/ETH trading pair is pivotal for analyzing long-term strategies and assessing XRP’s ranking among other altcoins.
The strategist has set an initial target for the XRP/ETH ratio, aiming to align XRP/USD with prices it achieved at its peak in January 2018. Credible suggests a potential upside of approximately 98% against Ethereum before reaching this benchmark.
Can Older Altcoins Surge Again?
Credible also predicts that previously struggling altcoins may achieve record prices before the current bullish market phase concludes. He asserts that many coins, free from issues like fraud, are likely to exceed their all-time highs during this cycle.
- XRP is anticipated to surpass $5, with short-term targets exceeding $3.
- The price of XRP is currently at $2.51, with expectations of reaching at least $10 in this cycle.
- Investors are advised to follow market analyses for insights into XRP and other altcoins.
With XRP’s current momentum, staying informed about technical indicators and market developments could provide valuable insights for traders looking to capitalize on potential price increases.