Crypto Analyst: Top-10 Altcoin Chart ‘Disgustingly Good’ for Investors!
XRP Poised for Major Breakout, Analyst Predicts
XRP Shows Bullish Signs
A well-known crypto analyst, who accurately predicted the peak of the digital asset cycle in 2021, has identified a promising altcoin that could see significant gains. The analyst, known as Pentoshi, shared insights with his 870,200 followers on X, highlighting that the payments-focused cryptocurrency XRP is displaying bullish momentum after successfully reclaiming the lower boundary of its trading range at $2.38.
Strength Against Bitcoin
Pentoshi further noted that XRP is demonstrating strength in its trading pair against Bitcoin (XRP/BTC), suggesting a potential breakout is on the horizon. He stated, “XRP looks incredibly strong even when compared to Bitcoin. I believe it has the potential to reach at least $2.60. If it surpasses that level, previous highs could be within reach. It has experienced several favorable developments and has remained resilient over the past few months.”
Bitcoin’s Rally Continues
In addition to XRP, the analyst commented on Bitcoin’s recent rally, suggesting that it may have further upward potential. He pointed out that Bitcoin is nearing a critical level around $110,000, which could flip into support, especially if prominent Bitcoin advocate Michael Saylor makes another substantial purchase of the cryptocurrency. Pentoshi remarked, “We might be on the brink of a new all-time high for Bitcoin. With Saylor back in the market this week, it wouldn’t take much to push prices to new heights.”
Ethereum’s Potential Breakout
Lastly, Pentoshi indicated that Ethereum may also be gearing up for a breakout as institutional interest grows. He mentioned that Ethereum exchange-traded funds (ETFs) acquired 80,000 ETH recently, with treasury companies purchasing more than the daily maximum issuance. He expressed optimism, stating, “Traditional finance is starting to show signs of FOMO. A little more patience could pay off.” He believes that if Ethereum can establish $2,800 as a support level, it could quickly rise to $3,200.
Current Market Status
As of now, XRP is trading at approximately $2.43, while Bitcoin is valued at $111,312, reflecting a 2.2% increase over the last 24 hours. Ethereum is currently priced at $2,767, having risen by 4.3% in the same timeframe.
Disclaimer: The views expressed in this article do not constitute investment advice. Investors should conduct their own research before engaging in high-risk investments in cryptocurrencies or digital assets. All transactions and trades are undertaken at the investor’s own risk, and any potential losses are their responsibility.
