Bullish Prediction: XRP Set to Soar, Outshining Bitcoin
A crypto trader with a significant following is making optimistic predictions about the future price of XRP, suggesting that it will outperform Bitcoin (BTC).
The trader, known as Kaleo, asserts that XRP is poised for a bullish trend continuation after successfully testing its diagonal resistance and converting it into a support level.
$XRP/USD LTF looks ready for another leg up as well pic.twitter.com/BAMou79pmW
— K A L E O (@CryptoKaleo) June 2, 2023
Kaleo also draws attention to the recent rally of Tron (TRX) from $0.74 to $0.85, indicating that XRP could experience a similar surge, potentially reaching $0.60 or higher. As of now, XRP is being traded at $0.52.
For reference here’s what TRX just did.
A similar squeeze could send XRP to $0.60+ pic.twitter.com/MfKFsAzsAh
— K A L E O (@CryptoKaleo) June 2, 2023
Kaleo further highlights the XRP versus Bitcoin ratio (XRP/BTC), noting that the pair appears ready for an upward surge following its breakthrough of the diagonal resistance.
$XRP / $BTC pair looks primed for a squeeze as well pic.twitter.com/BKfh5WavtL
— K A L E O (@CryptoKaleo) June 2, 2023
READ MORE: Bitcoin “Died” 474 Times, But is Still up and Running
Another crypto strategist, Cantering Clark, shares Kaleo’s bullish sentiment toward XRP. Clark intends to accumulate XRP based on the altcoin’s price structure, which suggests an imminent surge.
Although Clark has not been actively analyzing charts lately, he recognizes the favorable market conditions and is considering implementing TWAP (time-weighted average price) for XRP.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
