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A widely followed cryptocurrency trader and analyst says XRP is gearing up for a wild ride.
The analyst, who goes by the name of Credible Crypto, tells its 71,000 Twitter followers that XRP will pull back during Bitcoin’s next big correction, but it may not suffer as much as other altcoins.
“Many alt’s will dump, but XRP / BTC is supported, so it may not be affected as badly as other alt’s.”
Once BTC has gone through a healthy retracement, the analyst says XRP is ready to start a long-term rally that sees the coin rise 100x in value.
Despite what your favorite “influencer” keeps talking to you about $ XRP being “dead”, the correction we have seen $ XRP he was perfectly healthy. RSI tells a story, pay attention to it. Sale $ XRP now it’s like selling $ BTC when it was at $ 197, before it hit 20k. pic.twitter.com/kqwUX440vt
– Credible Crypto (@CredibleCrypto) November 17, 2020
When asked specifically if he believes XRP will increase 100x, Credible Crypto he answered if so, saying it has a $ 25 to $ 30 price target for the asset.
As for Bitcoin, the analyst He says believes a correction is coming after the major cryptocurrency’s historic rally, but it’s not yet time for a turnaround. The analyst believes that BTC may reach a new all-time high (ATH) sooner.
“Our third secondary wave looks complete, but we still have our fourth and fifth (discharge top) to complete [in my opinion]. Crazy to say it, but I think we will pass ATH in the next few days. Incredible …
Parables never end well and when this breaks we will probably see a correction of 30-40%. That said, it’s not the time for that … yet. “
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Featured Image: Shutterstock / Gorev Evgenii
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