A popular analyst says crypto market participants are overlooking a payments-focused altcoin that has performed well in recent months.
The crypto strategist, pseudonymously known as Altcoin Sherpa, tells his 236,400 followers on social media platform X that he believes XRP will print record highs before the market cycle ends.
But for now, the trader is using Fibonacci retracement levels to map out a decent support area for XRP bulls.
“XRP will remain underserved and watched by crypto residents. I still think $2 is a fair buy and will break the ATH (all-time high) by the end of the cycle.”
At the time of writing, XRP is worth $2.17.
Looking at the memecoin Popcat (POPCAT), the trader believes the Solana (SOL)-based crypto asset may be in the midst of ending its multi-week downtrend.
“POPCAT, this should be the relative bottom.”
At the time of writing, POPCAT is trading at $0.798.
As for a crypto project being called a Solana killer, Altcoin Sherpa says traders should not underestimate the Layer-1 protocol Sui (SUI) despite its bearish-looking daily chart.
“SUI I would never want to short this chart where it is right now, but it doesn’t look great. Still, it keeps going higher no matter what the chart looks like, so fade at your own risk.
At the time of writing, SUI is worth $4.18.
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Generated image: Midjourney