Cryptocurrency Analyst: XRP Is Gearing up for a Run to a New All-Time High

A widely followed cryptocurrency analyst believes payments altcoins XRP is gearing up for a run to a new all-time high.

A popular crypto strategist is predicting a massive rally for XRP, revealing his bullish outlook for the payments token.

The analyst, known as Credible Crypto, tells his 453,500 followers on the social media platform X that XRP, the third-largest cryptocurrency by market capitalization, just broke through its immediate resistance.

According to the trader, the move puts XRP in a position to surge to a fresh record high.

“We may have a breakout on our hands here. Swing and spot positions looking great here and we continue to simply let those ride till a new ATH (all-time high). Will actively look for scalp long entries once more now that we’ve cleared local resistance. “

At time of writing, XRP is trading at $2.53, still about 25% away from the record high of $3.40 it hit seven years ago.

The pseudonymous analyst also says that XRP could leave other crypto assets in the dust, as it has done in the past.

“Those who have been here since 2017 have witnessed these moments.”

While Credible Crypto is bullish on XRP, the trader sees the native token of the stablecoins-focused decentralized exchange (DEX) Curve DAO (CRV) potentially outperforming XRP over the short to medium term.

“So we’ve pushed deeper into the green zone – which means it’s still possible that we see a bullish shift here on CRV/XRP in the short/mid-term. If not, we make new lows – which implies XRP is absolutely ripping to the upside.

The good thing about holding both CRV and XRP is you win either way and if XRP does in fact lead here it just means you have to be a little patient on CRV which should follow based on the setup we identified on the US dollar pairing.”

CRV is valued at $0.811 at the time of writing.

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