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Crypto Trader predicts XRP could break out over 80%, updates outlook on Bitcoin (BTC) and two altcoins

A popular crypto analyst predicts a massive increase for Ethereum (ETH)-Competitor XRPwhile looking at his view Bitcoin (BTC) and updated two more altcoins.
Pseudonymous trader altcoin Sherpa tells his 183,000 Twitter followers that XRP should rally to $0.60 before eventually rallying to $0.87.

“XRP: Go to $0.60 then $0.87 if that breaks clean. Bizarre reaction for some of these altcoins.”
Crypto Trader predicts XRP could break out over 80%, updates outlook on Bitcoin (BTC) and two altcoins, Crypto Trading NewsSource: Altcoin Sherpa/Twitter
XRP is changing hands at $0.49 at the time of writing.

A rally to altcoin Sherpa’s $0.87 target would see the payment token surge nearly 80%.

The analyst then brings up bitcoin, saying that the king crypto’s current price level appears to be “spent,” meaning he believes it will drop soon.

“BTC: I think the wick seems very spent around $18,500, it seems likely that the next wicks will come. 18,000 and 17,500 are the next demand areas, I would remain very cautious.”
Crypto Trader predicts XRP could break out over 80%, updates outlook on Bitcoin (BTC) and two altcoins, Crypto Trading NewsSource: Altcoin Sherpa/Twitter
The top crypto asset after market capitalization is hovering at $18,873 at the time of writing.

Next on the traders list is ETH scaling solution Optimism (OP). Altcoin Sherpa says that while he sees an upside for OP in the near term, he ultimately expects it to settle around the $0.50 area.

“OP: This current area is an HVN [high volume node] on the volume profile so maybe it should bounce but this is still a comfortable short down to $0.50 in my opinion.”
Crypto Trader predicts XRP could break out over 80%, updates outlook on Bitcoin (BTC) and two altcoins, Crypto Trading NewsSource: Altcoin Sherpa/Twitter
OP is currently trading at $0.926.

Altcoin Sherpa concludes its analysis by mentioning ApeCoin (APE), the native asset of the non-fungible tokens (NFT) Community of Bored Ape Yacht Club, ab. He says that APE is currently at a significant price level and that it “looks scary”.

“APE: $5.85 is a significant level in my opinion, #1d [one day] closes over there in almost two weeks. This would mean mid $6 but it is a strong level. I’m still in my position, but I’ve taken more profits in the $5.90 range. It looks a bit scary so take some extra profit here.”
Crypto Trader predicts XRP could break out over 80%, updates outlook on Bitcoin (BTC) and two altcoins, Crypto Trading NewsSource: Altcoin Sherpa/Twitter
APE is valued at $5.62 at the time of writing.

Featured image: Shutterstock/YanaBu

Source: Crypto News Deutsch

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