XRP Poised for a Historic Surge, Analyst Predicts Major Bullish Breakout

A popular cryptocurrency analyst is expressing an optimistic outlook for XRP, particularly when paired against Bitcoin (BTC).

CredibleCrypto stated that XRP is showing strong potential and is positioned for growth. He revealed plans to take a long position in XRP in the near future.

According to his chart analysis, XRP might experience a slight downturn before surging by around 65%.

He identifies an inverse head-and-shoulders pattern, which in technical analysis is often interpreted as a bullish signal. CredibleCrypto describes XRP’s chart as one of the most promising in the market, likening it to a “powder keg” ready to explode.

Talking about Ethereum (ETH), CredibleCrypto forecasts the price could range between $3,000 and $3,800, with a potential dip to around $2,800 before rallying past the $6,000 mark to reach a new all-time high.

For the ETH/BTC pair, the analyst believes Ethereum may dip to around 0.02700 to 0.02800 BTC before making a significant move upwards.

CredibleCrypto views this potential dip as an ideal entry point to enter a long position for ETH/BTC, signaling that the current grind down in the market could set up a major bottom for Ethereum’s price action.