XRP Is Expecting A New Breakout, Analyst Predicts

There are all kinds of optimistic predictions about the price of some digital assets, and XRP is one of them. Check out the latest prediction revealed by an important analyst.

He is bullish on XRP, and he also believes that altcoins are in a prime position to outpace Bitcoin (BTC).

The pseudonymous analyst is known as Credible Crypto, and he recently said that XRP’s price structure looks very similar to data-sharing protocol OriginTrail, whose native token TRAC just rallied more than 300% following its recent listing on Coinbase Pro.

As the online publication, the Daily Hodl reported, he expects XRP to follow a similar path to TRAC, taking the cryptocurrency back to its previous all-time high of $3.40.

“The XRP chart below is from my last YouTube video on XRP made in August. The chart next to it is another coin that I came across today that has the same structure but is one step ahead with the 5th wave already in progress. Do you see it now?”

At the moment of writing this article, XRP is trading in the red, and the altcoin is priced at $1.19.

He also addressed ETH’s latest breakout against BTC, and he said that ETH’s next surge would be leading a new altcoin season.

He said that BTC’s dominance topped out, and this is going to pave the way for a new altcoin rally. Check out his tweet below.

ETH/BTC broke out today, closing above the key resistance zone I was watching. This is a great sign and indicates $BTC dominance may have already found its top and alts may be about to steal the show, led by $ETH. https://t.co/lGCdQYzGRv

— CrediBULL Crypto (@CredibleCrypto) November 3, 2021

At the moment of writing this article, BTC is trading in the red, and the king coin is priced at $61,832. Stay tuned for more news from the crypto space.