Crypto Trader Predicts XRP Could Erupt by Over 80%, Updates Outlook on Bitcoin (BTC) and Two Altcoins cryptomarketbag Blockchain update


A widely-followed crypto analyst is predicting a massive surge for Ethereum (ETH) competitor XRP, updating his outlook on Bitcoin (BTC) and two other altcoins.

Pseudonym Trader Altcoin Sherpa says His 183,000 Twitter followers say that XRP should rise to $0.60 and eventually rise to $0.87.

“XRP: Move to $0.60 and then $0.87 if it clearly breaks out. Strange reaction for some of these altcoins.”

Source: Altcoin Sherpa/Twitter

At the time of writing, XRP is changing hands at $0.49.

The rally against the altcoin Sherpa’s target of $0.87 would mark an almost 80% increase for the payment token.

The analyst then brings up the bitcoin, Saying That the current price level of King Crypto seems to be “spending”, which means that he believes it will fall soon.

“BTC: I think the wick around $18,500 is overpriced, looks like the next wick is coming. 18,000 and 17,500 are the next demand areas, be very cautious.

Crypto Trader Predicts XRP Could Erupt by Over 80 Updates CryptomarketBag
Source: Altcoin Sherpa/Twitter

At the time of writing, the top crypto asset by market cap is rising to $18,873.

The next ETH scalping solution on the traders list is Optimism (OP). Altcoin Sherpa says that while he Hope A bounce for OP in the near term, he expects an eventual settlement around the $0.50 area.

“OP: This current area is an HVN [high volume node] On the volume profile, so it should bounce up, but it’s still a comfortable short all the way up to $0.50 in my opinion.”

1663959994 666 Crypto Trader Predicts XRP Could Erupt by Over 80 Updates CryptomarketBag
Source: Altcoin Sherpa/Twitter

OP is currently trading at $0.926.

Altcoin Sherpa concludes its analysis by bringing in Apécoin (APE), the native asset of the Bor Ape Yacht Club non-fungible token (NFT) community. He They say That APE is currently at a critical price level and it “looks scary.”

“APE: $5.85 is an important level IMO, No. 1D” [one day] Closes there in about two weeks. Doing so would mean mid $6s, but this is a strong level. I am still in my position but I have made more profit around the $5.90 area. It looks a little scary, so there’s a little bit more profit to be made here.”

1663959994 261 Crypto Trader Predicts XRP Could Erupt by Over 80 Updates CryptomarketBag
Source: Altcoin Sherpa/Twitter

At the time of writing the APE is priced at $5.62.

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