The next breakthrough in the cryptocurrency market could come from XRP. Ripple’s crypto, which has been on a sharp rise since the start of the year, could continue its ascent to the point of surpassing bitcoin (BTC) according to analyst Kaleo. The expert shared his technical analysis with his followers on Twitter.
XRP on the verge of a rally according to Kaleo
Known only by his pseudonym, Kaleo is one of the analysts who enjoy great notoriety on Twitter. The trader has more than 590,000 subscribers and does not hesitate to share his analyzes and predictions with his community on the social network. After announcing violent upward movements for bitcoin only a few days ago, Kaleo returns with a new prediction.
The famous analyst this time focuses on the XRP/BTC pair. He points out that the sixth largest digital asset by market capitalization, shows signs of a bullish trend. Kaleo claims that the XRP chart indicates that the cryptocurrency is poised for an upward push.
The crypto specialist draws a parallel with the tron (TRX) to strengthen his prediction. “For reference, here is what TRX just did. A similar squeeze could send XRP to $0.60+,” he said. Indeed, the tron (TRX) has recently made remarkable progress. The cryptocurrency rose from a low of $0.74 to a high of $0.85. A scenario that could happen again with XRP according to Kaleo.
An opinion shared by another expert
In cryptosphere, many other experts agree on a potential rise in XRP. Analyst Cantering Clark, who has more than 176,100 Twitter followers, is among the investors who predict a bullish move for this cryptocurrency.
Mr. Clark joins Kaleo and bases his analysis on the study of the movements of the price of XRP. He also plans to accumulate the altcoin. “I haven’t really been looking at a lot of charts lately, but I’m not going to lie, between the odd cash offer and the launch setup, I think I need to start TWAPing,” he claimed.
At the time of writing, XRP is trading at $0.53. However, the many analysts’ predictions about the rise in the price of XRP, portend better days for the crypto.
Receive a digest of news in the world of cryptocurrencies by subscribing to our new service of daily and weekly so you don’t miss any of the essential Tremplin.io!
