Crypto Trader Predicts XRP Could Erupt by Over 80%, Updates Outlook on Bitcoin (BTC) and Two Altcoins – The Daily Hodl

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A widely followed crypto analyst is predicting a large surge for Ethereum (ETH) competitor XRP whereas updating his outlook on Bitcoin (BTC) and two different altcoins.

Pseudonymous dealer Altcoin Sherpa tells his 183,000 Twitter followers that XRP ought to rise to $0.60 before in the end taking pictures as much as $0.87.

“XRP: Go to $0.60 after which $0.87 if that cleanly breaks. Bizarre response for some of these altcoins.”

Source: Altcoin Sherpa/Twitter

XRP is changing hands at $0.49 at time of writing.

A rally to Altcoin Sherpa’s target of $0.87 would mark a virtually 80% rise for the funds token.

The analyst then brings up Bitcoin, saying that the king crypto’s current value stage seems “spent,” which means he believes it will dip quickly.

“BTC: I assume that the wick round $18,500 seems very spent, it seems doubtless that the next wicks up are coming. 18,000 and 17,500 are the subsequent demand areas up, would keep very cautious.”

Source: Altcoin Sherpa/Twitter

The top crypto asset by market cap is shifting for $18,873 at time of writing.

Next on the trader’s listing is ETH scaling resolution Optimism (OP). Altcoin Sherpa says that whereas he expects a bounce for OP within the quick term, he in the end expects it to settle around the $0.50 area.

“OP: This present space is a HVN [high volume node] on volume profile, so it ought to perhaps bounce, but that is nonetheless a comfortable quick all the way right down to $0.50 in my view.”

Source: Altcoin Sherpa/Twitter

OP is currently buying and selling for $0.926.

Altcoin Sherpa wraps up his evaluation by bringing up ApeCoin (APE), the native asset of the Bored Ape Yacht Club non-fungible token (NFT) group. He says that APE presently is at a significant value stage and that it “looks scary.”

“APE: $5.85 is a significant degree IMO, no 1d [one day] closes over there in almost two weeks. Doing so would imply mid $6s, but it’s a robust degree. I still am in my position however I took extra income around the $5.90 space. It seems a bit scary, so taking a bit more income right here.”

Source: Altcoin Sherpa/Twitter

APE is valued at $5.62 at time of writing.

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Featured Image: Shutterstock/YanaBu

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