A popular crypto analyst believes that a prominent altcoin is on the verge of a new surge. With a following of 240,300, Altcoin Sherpa stated on social media that XRP’s next movement is imminent.
Anticipated Rise in XRP
According to Altcoin Sherpa, XRP is currently trading at $3.17. This cryptocurrency, ranked third in market capitalization, has recorded an increase of over 5% in the past week.
Bold Predictions for Bitcoin
Altcoin Sherpa thinks that a strong movement is approaching that could push Bitcoin 
$106,645‘s (BTC) price to $120,000. Meanwhile, the leading cryptocurrency BTC experienced a decline of over 2.5% in the last 24 hours, despite showing an increase of more than 3% over the past week.
Comments on Stellar (XLM)
The analyst has also mapped out a potential upward path for Stellar (XLM), a competitor to XRP. Currently priced at $0.427, XLM ranks 18th in market capitalization and has witnessed nearly a 4% drop in the last 24 hours and approximately a 10% decline over the past week.
“You can see a multi-year consolidation box in green, followed by an explosive move and then a drop. I expect to see a final exit pump for such coins; I’m unsure if it will break the old all-time high, but it should be higher than now.”
While Altcoin Sherpa continues to share market analyses, he is focusing on XRP, BTC, and Stellar. The volatility in cryptocurrency markets presents significant opportunities for investors, though caution is advised.
Investors should consider Altcoin Sherpa’s predictions while conducting their research and prioritizing risk management. Understanding the general state of the market and future expectations can aid investors in making informed decisions.
