By Solomon Odunayo
The popular cryptocurrency analyst, Credible Crypto, accurately predicted the recovery of the digital token XRP when the majority of the crypto community members were calling for “below $0.1 area” for the cryptocurrency, following the sudden regulatory lawsuit filed by the U.S. SEC against Ripple, the major distributor of XRP token.
According to the analyst that took time to clamor that a major recovery is upcoming for XRP, the digital currency will continue its current upside trend.
At the time of filing this report, XRP has printed a considerable recovery from the doom initiated by the securities regulator, SEC. The digital token is now trading at $0.3317, with about a 1% price uptrend in the last 24 hours.
Read Also: David Schwartz Says He’s Not an XRP Maximalist; Describes How Maximalism Affects Crypto
Although the cryptocurrency is still far below the price level it maintained before the filing of the lawsuit was brought to the public notice.
After predicting this week’s slight recovery, Credible Crypto said he believes XRP has more room to print a notable rise against Bitcoin (BTC).
Credible Crypto tweeted, “If you got excited seeing the last XRP pop, you’re gonna love this next one. The start of our major reversal against BTC. This is the BTC pairing, but it should correlate with a move to $0.40-$0.50 on the USD pairing that I have been talking about in my recent update videos.”
However, a fellow analyst, Michaël van de Poppe, popularly known as Crypto Michael in the industry said XRP needs to overcome the $0.34 huddle before expecting the continuation of the upside trend:
“XRP needs to crack this significant resistance zone to be able to continue the upward push. If that doesn’t occur, more consolidation is required.”
$300,000 Is Possible for Bitcoin (BTC) In This Bull Cycle
In the case of Bitcoin (BTC), both Credible Crypto and Crypto Michael believe that there is a possibility for the largest cryptocurrency to attain $300,000 in the current bull cycle.
Crypto Michael tweeted, “Bitcoin can definitely go towards $250,000-350,000 in this cycle, as the upside is often higher than the majority expects it to be. Just like 2017 was higher than the majority anticipated to happen in 2016.”
Read Also: Wietse Wind Sheds More Light on How XRP Investors Could Prepare For the Much-Awaited Spark Airdrop
While Credible Crypto said, “Will be selling a lot of spot BTC buys from $10,000 as we approach $50,000 to funnel more funds into altcoins. I have $300,000 as a MAX on BTC in this cycle. That is 6x from $50,000.
I fully expect most altcoins to outperform [BTC] from here. Even majors like ETH will easily eclipse 6x from current levels.”
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