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Experienced cryptocurrency analyst Credible Crypto shared his latest observations on the future of Ethereum (ETH) and XRP. The analyst also issued a major warning about the popular memecoin Pepe (PEPE), which has recently made a significant impact on the cryptocurrency market. He detailed his expectations comprehensively.
Issues Major Warning for PEPE
The anonymous cryptocurrency analyst Credible Crypto told his followers that PEPE has held up “quite well” during the general market downturn. Nevertheless, Credible Crypto expressed a bearish outlook for PEPE in the long term.
The analyst predicts that PEPE could rise approximately 38% from its current price to reach 0.0000145, and then fall below 0.000005 dollars. At the time of writing, PEPE is trading at 0.0000104 dollars.
Analyst Remains Cautious on Ethereum and XRP
Following his comments on PEPE, the analyst discussed Ethereum, expecting a decline in the largest altcoin. According to Credible Crypto’s analysis, Ethereum’s price could drop below 2,800 dollars, approximately 12% down from its current level.
The analyst highlighted that Ethereum might first rise above the 3,400 level and then fall to lower levels. ETH is trading at 3,174 dollars at the time of writing.
Lastly, Credible Crypto mentioned XRP, stating that he would look for buying opportunities if XRP falls below the 0.49 dollar level. The analyst’s 12-hour timeframe chart indicates that the altcoin could rise approximately 66% from its current level to reach 1 dollar. At the time of writing, XRP is trading at 0.603 dollars.
