A widely followed crypto trader is predicting bullish price action for XRP as he expects the sixth largest digital asset to outperform Bitcoin (BTC).
Pseudonymous analyst Kaleo tells his 590,000 Twitter followers that he sees a bullish continuation for XRP after successfully retesting its diagonal resistance as support.
“XRP/USD’s low time frame also seems poised for another leg.”
According to Kaleo, XRP could follow in the footsteps of Tron (TRX), which recently rose from a low of $0.74 to a high of $0.85.
“For reference, here’s what TRX just did. Similar pressure could send XRP to $0.60+.
At the time of writing, XRP is trading at USD 0.52.
Looking at the XRP versus Bitcoin (XRP/BTC) ratio, Kaleo says the pair also appears poised to rise after breaking above its diagonal resistance.
“XRP/BTC pair also looks poised for a squeeze.”
Meanwhile, fellow crypto strategist Cantering Clark is also bullish on XRP. The trader tells his 176,100 Twitter followers that he wants to collect XRP, as he believes the altcoin’s price structure suggests it is almost ready to rise.
“I haven’t really looked at a whole lot of charts lately, but I’m not going to lie. Between the weird mock bid and the launchy-looking setup, I think I should start TWAPing (time-weighted average price) XRP.”
Don’t Miss Out – Subscribe to receive crypto email alerts delivered straight to your inbox
Check price action
follow us on Twitter, Facebook And Telegram
Surf the Daily Hodl mix
Featured image: Shutterstock/SimpleB
