A well-known crypto analyst is optimistic about the prospects of XRP, which recently surged over fivefold in just a month.
Altcoin Sherpa believes XRP might be on the verge of reaching new all-time highs against the US dollar.
Currently priced at $2.65, XRP remains about 23% shy of its previous all-time peak of $3.40. Since early November, the asset has experienced a remarkable 434% gain.
Sherpa notes that the XRP/Bitcoin pair presents a stronger risk-to-reward ratio, as it currently sits below a resistance level that has been in place since May 2021. XRP/BTC is approximately 88% below its all-time high of 0.0002247 BTC.’
Shifting focus to the Solana (SOL) network, Sherpa expresses confidence in the future growth of AI-based crypto assets within the ecosystem. He believes the combination of speculation and technological innovation makes Solana a top platform for AI-related tokens.
Some of his favorites include Goatseus Maximus (GOAT), The AI Prophecy (ACT), and Zerebro (ZEREBRO), all of which have seen impressive gains recently.
Ethereum (ETH) has gone down by 2.4% in the past 24 hours and currently sits at $2,580 in what has been mostly a red week for the crypto market. Trading volumes have retreated by 5% during this same period, indicating that the selling spree is not that strong at the moment. However, crypto liquidations have […]
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