Analyst Kaleo predicts spectacular rise of XRP
The next breakthrough in the cryptocurrency market could come from XRP. Ripple crypto, which has been steadily rising since the beginning of the year, could continue its ascent to the point of surpassing Bitcoin (BTC), according to analyst Kaleo. The expert shared his technical analysis with his Twitter followers.
XRP about to rally, according to Kaleo
Known only by his pseudonym, Kaleo is one of the analysts who enjoys great popularity on Twitter. The trader has over 590,000 followers and doesn’t hesitate to share his analysis and predictions with his community on the social network. After announcing violent upward movements for Bitcoin just a few days ago, Kaleo is back with a new prediction.
This time, the renowned analyst focuses on the XRP/BTC pair. He points out that the sixth-largest digital asset by market capitalization shows signs of an upward trend. Kaleo asserts that the XRP chart indicates that the cryptocurrency is ready for a push upwards.
The crypto specialist draws a parallel with Tron (TRX) to reinforce his prediction. “For reference here’s what TRX just did. A similar squeeze could send XRP to $0.60+,” he declared. Indeed, Tron (TRX) has recently made a remarkable progression, going from a low of $0.74 to a peak of $0.85. A scenario that could be replicated with XRP, according to Kaleo.
An opinion shared by another expert
In the cryptosphere, many other experts agree on a potential rise of XRP. Analyst Cantering Clark, who has over 176,100 followers on Twitter, is among the investors who foresee a bullish movement for this cryptocurrency.
Mr. Clark joins Kaleo and bases his analysis on studying XRP price movements. He even plans to accumulate the altcoin. “Not really looking at a whole lot of charts lately, but not gonna lie, between the weird spot bid and the launchy looking setup, I think I need to start TWAPing (time-weighted average price) XRP,” he affirmed.
At the time of writing this article, XRP is trading at $0.53. However, the numerous predictions by analysts regarding the price increase of XRP portend better days for the crypto.
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Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.