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A closely followed analyst known for making timely Bitcoin (BTC) and altcoin calls says XRP is one of the strongest assets in the crypto market.
In a new strategy session, the pseudonymous analyst known in the industry as DonAlt said he was ready to scoop XRP in case the cryptocurrency market witnessed another selling event.
Once you know the breakdown of Bitcoin, the coin you want to buy is XRP.
According to DonAlt, he aims to store XRP at $0.38 or less, but he said there’s a good chance he won’t be able to do so.
“I feel like I’m just looking at this chart [and] I want this to go up
The popular crypto strategist also says his bullish stance on XRP has topped the charts.
I still think they will win, so I think any kind of bottom in the cryptocurrency will hurt XRP. The bitcoin pair (XRP/BTC) looks very good as well. It’s one of the best looking charts on the market.”
At the time of this writing, XRP is trading at $0.508, down more than 2% on the day.
Looking to Chainlink (LINK), a decentralized oracle network, Don Alto says Ethereum (ETH)-based altcoins are on his radar.
“It’s a very interesting setup at $8+. I don’t think if you got this Wipeout I was talking about it would obviously not show this strength right now, but it will at some point.” The bitcoin pair (LINK/BTC) has been outperforming for some time so it’s an interesting chart to follow and it’s not necessarily something I rush to buy [a] Wipeout, but it’s one of the closest I’ve seen…
Looking back at 2018, 2019 and 2020, LINK outperformed the overall market. “
At the time of writing, LINK is trading at $7.46, down nearly 2% for the day.
As for smart contract platform Solana (SOL), DonAlt said it is also looking to amass Ethereum rivals in the event of a market-wide adjustment.
I know there are a lot of big guys who are interested in Solana. I want to buy Solana, and then I plan to sell it relatively quickly.”
At the time of writing, SOL is worth $32.60, flat on the day.
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Featured image: Shutterstock/Liu zishan
