Following 20% Weekly Increase, What’s Next for XRP? (Ripple Price Analysis)
November 19th 2020
Bill Hinman of the SEC notes cryptocurrency in one of his last speeches | bitcoin | crypto | crypto news | SEC news
November 19th 2020
A widely-followed crypto trader and analyst says XRP is gearing up for a wild bull run.
Once BTC has gone through a healthy retracement, the analyst says XRP is poised to begin a long-term rally that sees the coin surge 100x in value.
Despite what your favorite “influencer” keeps telling you about $XRP being “dead”, the correction we saw on $XRP was perfectly healthy. RSI tells a story, pay attention to it. Selling $XRP now is like selling $BTC when it was at $197- before it ran to 20k. pic.twitter.com/kqwUX440vt
— Credible Crypto (@CredibleCrypto) November 17, 2020
When asked specifically if he believes XRP will rise 100x, Credible Crypto replied in the affirmative, saying he has a $25 to $30 price target for the asset.
As for Bitcoin, the analyst says he’s convinced a correction is coming after the leading cryptocurrency’s historic rally – but it’s not time for a reversal quite yet. The analyst believes BTC may reach a new all-time high (ATH) first.
“Our 3rd subwave looks complete, but we still have our 4th and 5th (blow-off top) to go [in my opinion]. Crazy to say this, but I think we are going to break ATH in the coming days. Incredible…
Parabolas never end well, and when this one breaks we will likely see a 30-40% correction. That being said, it’s not time for that…yet.”
Source: Credible Crypto
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