Well-known crypto strategist Credible indicates that XRP will maintain its upward trend following significant gains in recent months. This prediction has garnered attention from followers on social media, particularly those interested in cryptocurrency dynamics.
XRP’s Market Position
Credible advises followers to monitor XRP’s position against Ethereum $3,238 on platform X. The XRP/ETH pair is critical for understanding long-term setups and provides insight into XRP Coin’s status compared to other altcoins.
According to the analyst, the initial target set for XRP/ETH aims to position XRP/USD at the price range it reached during its all-time high in January 2018.
Credible: “We have approximately 98% upward potential against ETH before reaching my first target for the XRP/ETH pair.”
With the current price of ETH, XRP is expected to surpass $5. In the short term, regaining a lower time frame could yield an initial target of over $3, marking its first breakthrough in more than six years.
Status of Older Altcoins
Credible forecasts that older altcoins, which have faced challenges in the past, will reach record levels before the current bull market concludes.
Credible: “Many believe that due to token inflation, former ‘old guard’ altcoins will not achieve new all-time highs in USD. However, I think most coins unaffected by fraud or deceit will surpass their previous highs by the end of this cycle.”
At the time of writing, XRP trades at $2.51. Credible also believes that XRP will reach a new all-time high in this cycle, possibly hitting at least $10. He mentions actively trading XRP for profit but refrains from spot investments until the end of the cycle.
For those considering trading, following technical analyses and market news could be beneficial to assess the potential upward trends of XRP and older altcoins.