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A widely watched crypto analyst updates his outlook on Bitcoin (BTC) and two other altcoins while predicting a significant rise in Ethereum (ETH) competitor XRP. .
Pseudonym Trader Altcoin Sherpa To tell His 183,000 Twitter followers say XRP should rise to $0.60 before finally rising to $0.87.
XRP: Go to $0.60, then go to $0.87 when it breaks completely. Strange reaction to some of these altcoins.
XRP is trading at $0.49 at the time of writing.
As it rises to Altcoin Sherpa’s target of $0.87, the payment token rises by nearly 80%.
The analyst next brought up Bitcoin, say it Kingcrypt’s current price level looks “depleted”. I mean, I believe he’s going to fall soon.
BTC: I think the wick around $18,500 is very depleted. It looks like the next wick is likely to come. .”
The top crypto asset by market cap is trading at $18,873 at the time of writing.
Next on our list of traders is the ETH scaling solution Optimism (OP). altcoin sherpa expect We expect the OP to rise in the short term, eventually consolidating around $0.50.
“OP: This current area is HVN [high volume node] The volume profile should probably bounce back, but in my opinion this is still a comfortable short to $0.50. ”
OP is currently trading at $0.926.
Altcoin Sherpa concludes its analysis by highlighting ApeCoin (APE), the native asset of the Bored Ape Yacht Club’s Non-Fungible Token (NFT) community.he To tell APE is currently at a significant price level and “looks scary”.
“APE: $5.85 is a significant level IMO. Not a day. [one day] Over there, it closes in about two weeks. That puts you in the mid $6s, which is a strong level. I’m still in my position, but I could have made more profit around $5.90. It sounds a little scary, so make a little more profit here. ”
APE is worth $5.62 at the time of writing.
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Featured image: Shutterstock/YanaBu
