The renowned analyst Credible Crypto – who has made many accurate predictions about altcoins – recently issued a strong optimistic signal for XRP, the leading payment token in the market. Accordingly, XRP is establishing a new upward trend that could drive the price to an all-time high soon.
Important bullish setup at 3.1 USD.
Credible noted that XRP has just formed a higher low pattern – an important bullish signal – after breaking through the key resistance at 3.1 USD and turning it into a support zone.
"As long as the green zone (3.1 USD) is maintained, we can aim for a new high – even an all-time high."
Based on the technical chart shared by Credible, this trader expects XRP to rise to a price range of approximately 3.9 USD, marking an all-time high if realized. At the time of writing, XRP is trading at 3.29 USD, indicating that there is still relatively significant growth potential.
Can XRP surpass Ethereum?
Not stopping at the independent price action analysis of XRP, Credible also made a comparison between XRP and Ethereum (XRP/ETH pair). Although Ethereum – the second-largest altcoin by market capitalization – has had a strong recent growth, the analyst still believes that XRP is ready for a breakout that surpasses ETH.
"ETH has performed excellently recently, but perhaps it's time for XRP to reclaim its advantage... The bearish target for the XRP/ETH pair that I shared three months ago has finally been reached."
This indicates Credible's strong belief in the relative growth trend of XRP compared to other major altcoins, despite the recent strong recovery of the market in general.
Bitcoin is also preparing for a new increase.
Besides XRP, Credible also offers positive insights on Bitcoin. According to him, as long as BTC maintains the key support level at 116,500 USD, the market can expect a new price increase and the possibility of establishing a new historical peak in the current cycle.
"Bitcoin has the potential to reach a new all-time high as long as it stays above 116,500 dollars," Credible wrote.
From a technical perspective, XRP is showing a positive pattern, with strong support at 3.10 USD and expectations of a breakout to near 4 USD. The confidence of Credible Crypto – an experienced analyst – further strengthens the argument that XRP could return to the spotlight in the upcoming altcoin season.
However, investors should closely monitor important support zones and the general market dynamics, especially in the context of Bitcoin leading the trend. A breakout from BTC could be the final 'catalyst' driving XRP to explode.