Analyst Predicts XRP Rally to New All-Time Highs, Says Time for Large-Cap Altcoin To Take Charge Again

A crypto analyst known for making timely altcoin calls believes that the payments token XRP is primed to soar to fresh record-high levels.

Pseudonymous trader Credible Crypto tells his 474,800 followers on the social media platform X that XRP appears to have printed a bullish higher low setup after flipping resistance at $3.10 as support.

The analyst thinks that XRP will surge to new all-time high levels as long as bulls defend the $3.10 level.

“As long as the green zone holds, we can target range highs/new all-time highs.”

Source: Credible/X

Based on the traders chart, he seems to predict that XRP will rally close to $3.90. At time of writing, XRP is trading at $3.25.

Looking at XRP against Ethereum (XRP/ETH), Credible believes that the second-largest altcoin by market cap will outperform ETH, even though the smart contract platform has been on a tear as of late.

ETH has been performing beautifully lately, but might be time for XRP to take charge again soon…

The downside target on XRP/ETH that was shared nearly three months ago has finally been met.

Source: Credible/X

As for Bitcoin, Credible expects BTC to ignite fresh rallies as long as one key level holds.

“Bitcoin looking good for new all-time highs as long as we hold above $116,500.”

At time of writing, Bitcoin is worth $119,944.

Generated Image: Midjourney