A crypto strategist who precisely known as the highest of Bitcoin’s (BTC) 2021 bull market is anticipating one other leg up for XRP.
Pseudonymous analyst Pentoshi tells his 706,900 followers on the social media platform X that XRP appears bullish after taking out a key resistance stage at $0.548.
“XRP followers.
A breakout above $0.548 ought to lead in the direction of $0.62-$0.63.”
At time of writing, XRP is buying and selling for $0.59, up about 3% within the final 24 hours.
The analyst can also be updating his forecast on the layer-1 protocol Solana (SOL). In accordance with Pentoshi, the bulls are already celebrating SOL’s huge rallies as of late which tells him that the crypto asset could also be near witnessing a pullback.
“The timeline is getting just a little loud on this one. In all probability native high soonish, within the purple field.”
Trying on the dealer’s chart, he appears to foretell that SOL will possible meet resistance at $38.70. At time of writing, SOL is price $38.59.
One other altcoin on the analyst’s radar is the governance token of the Ethereum (ETH)-based decentralized finance lending protocol Aave (AAVE). In accordance with Pentoshi, AAVE will see a giant breakout rally if it manages to breach resistance at $90.
“This one possible consolidates a bit extra. A break above $90 possible brings $112-$115. For now, it’s below resistance that opens that up.”
At time of writing, AAVE is buying and selling at $81.81.
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