Analyst Predicts Rallies in XRP and One Ethereum-Based Altcoin, Updates Stance on DOGE Rival Shiba Inu (SHIB)

A widely followed crypto analyst predicts a potential upside for XRP and another Ethereum-based altcoin from the social token space.

A pseudonymous analyst known as Altcoin Sherpa has told his 186,000 Twitter followers that as long as Bitcoin (BTC) remains stable, XRP forms a suitable base for the rally.

He has identified an upside target of around $0.55, which is around 20% up from the current price.

XRP: looks reasonable. Haven’t checked this chart for a while. It’s had a decent run ahead of the others and seems to be consolidating. If BTC stays stable , I think this is another move.

Altcoin Sherpa is also eyeing Chiliz (CHZ), the platform powering the social token economy Socios.com.

Analysts say CHZ may be forming a bearish head-and-shoulders pattern on longer timeframes. In the short term, however, there is another leg up to $0.33 in the card, which he says is up nearly 37% from current prices.

“CHZ: It looks like H&S on a longer timeframe so it’s a bit scary, but I think this could go to another run. Featured entry.”

As Dogecoin (DOGE) made an explosive rally last week, some traders expect arch-rival Shiba Inu (SHIB) to follow suit.

Altcoin Sherpa has several potential targets set, but he says he is not holding his breath on the significant SHIB rise.

SHIB: This is my level. Whether or not this will catch up to DOGE remains to be seen. Personally, I don’t think that’s the case with this run. Elon’s is the main catalyst, in my opinion. “

Looking at Bitcoin, popular analysts say that the current price action strongly suggests a price impulse equivalent to BTC in the $23,000 to $25,000 range.

What is very interesting is the 4 hour EMA (exponential moving average). They are compressing big time and look the best we have seen in months. , that’s why I think it’s all still going well overall in the medium term.

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