By Solomon Odunayo
A crypto analyst and trader popularly known as Credible Crypto on Twitter is showcasing his bullishness about the embattled Ripple’s digital token XRP.
The trader, Credible Crypto, informed his teeming followers on Twitter that XRP will possibly break out against Bitcoin in the short term.
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Credible Crypto tweeted, “Did I mention I think XRP is gonna pop? Odds XRP increases against BTC here are HIGH. Betting that XRP will outperform BTC from current levels is an extremely low risk, high reward bet to make. I’m taking it.”
Did I mention I think $XRP is gonna pop? Odds XRP increases against $BTC here are HIGH. Betting that $XRP will outperform $BTC from current levels is an extremely low risk, high reward bet to make. I'm taking it. pic.twitter.com/prDkGtsza5
— Credible Crypto (@CredibleCrypto) February 10, 2021
In late December 2020, after the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Ripple for illegal sales of XRP as an unregistered security, the price of the digital asset started to nosedive.
Read Also: Credible Crypto Says Bitcoin and XRP Are Set For Price All-Time Highs, States New Timeline
Although the cryptocurrency continues to shock the crypto community members with a number of outstanding performances despite the Ripple-SEC securities lawsuit.
Earlier this month, XRP briefly exploded in price to over $0.7 but failed to hold the important supports. However, the sixth-largest cryptocurrency by market cap, is still managed to hold above $0.50 resistance level.
At the time of filing this report, XRP is trading at $0.52, with about a 1% price upsurge in the last 24 hours, according to CoinMarketCap.
Credible Crypto Says XRP’s Potential Is Capped At $10
Despite the impact of the SEC lawsuit on XRP, Credible Crypto does not think the lawsuit will factor into the performance of the cryptocurrency in the short term.
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Credible Crypto tweeted, “Well the court decision (if it comes to that) is literally months away and so is not a factor that needs to be considered in the immediate short term. Risk is defined because we have a clear invalidation point and the upside potential, if current levels hold, is far greater.”
The trader also believes that XRP has the potential to hit $10 due to the uncertainty around the SEC lawsuit.
“$30 was the highest in my range – $20-$30 was my expectation. I still think that range is feasible but I will likely start taking some profits as we approach $10 due to the uncertainty around the SEC situation.”
$30 was the highest in my range- $20-$30 was my expectation. I still think that range is feasible but I will likely start taking some profits as we approach $10 due to the uncertainty around the SEC situation.
— Credible Crypto (@CredibleCrypto) February 10, 2021
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Credible Crypto is an analyst that has always been bullish over the course of the price of XRP. He had called a lot of accurate prices for the digital currency and others alike.
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