Analyst Who Called XRP’s Drop to $0.16 Is Still Expecting Upside: Here’s Why
[NEWS BLOG]: Analyst Who Called XRP’s Drop to $0.16 Is Still Expecting Upside: Here’s Why
Analyst Who Called XRP’s Retracement to $0.16 Is Bullish
On March 26th, the price of XRP suddenly shot up out of nowhere, rallying by more than 10% within a few hours’ time out of nowhere, leaving Three Arrows Capital’s CEO, Su Zhu, to remark: “XRP looks like it wants to retrace months of underperformance in a few days now.”
In the wake of this surge, trader Credible Crypto said that before a further rally, he expects the asset to retrace to ~$0.168, as it has today, before continuing to trend higher in a wave-like fashion to $0.20 and beyond.
With XRP having retraced to the level he expected by the time he expected, the cryptocurrency tracing out his forecast in full will see it rally to $0.21 — 25% higher than the current price — before the month ends.
Not All Bullish
Although Credible Crypto currently sees a bullish chart, some fear that XRP’s prospects aren’t as bullish as he is painting them out to be.
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