Experienced crypto analyst Pentoshi, known for predicting the peak level of Bitcoin (BTC) in the middle of the bull market in 2021, shared his expectations for XRP. The analyst also shared his views on Solana (SOL) and Aave (AAVE), which are on his watchlist.
According to experienced crypto analyst Pentoshi, XRP, formerly known as Ripple, started to rise after surpassing the important resistance level of $0.548. According to the analyst, breaking the barrier at $0.548 opens the way for a correct rise towards $0.64.
XRP, one of the popular altcoins, is currently trading at $0.6071 with a 3.18% increase in the last 24 hours.
Meanwhile, Pentoshi updated his expectations for the Layer 1 protocol Solana. According to the analyst, the bulls are busy celebrating SOL’s recent major rally, but these celebrations indicate that the altcoin can pull back at any moment:
Although the timeline has become a bit complicated, it will probably make a local peak around the purple box and pull back.
When looking at the SOL chart, it can be seen that the analyst expects it to encounter resistance around $38.7. At the time of writing this article, the major altcoin is trading at $42 with a 9.76% increase in the last 24 hours, surpassing the expected peak level. This indicates that the altcoin has surpassed the resistance range.
The third altcoin on Pentoshi’s radar is Aave, the governance token of the Ethereum-based decentralized finance (DeFi) credit protocol. According to the analyst, Aave will make a significant rally if it manages to surpass the $90 resistance:
Aave will probably consolidate a bit more. A break above $90 will likely bring $112-115. For now, it is trading below the resistance level that unlocks these levels.
Currently, Aave is trading at $98.92 with a 21.57% increase in the last 24 hours. This means that the altcoin has surpassed the resistance level indicated by the analyst and is heading towards $112-115.