A widely followed analyst and trader is leaning bullish on a large-cap altcoin that has skyrocketed by over 5x in a month.
The analyst pseudonymously known as Sherpa tells his 233,400 followers on the social media platform X that he “wouldn’t be surprised to see” XRP break out into a new all-time high on its US dollar pair.
XRP is trading at $2.65 at time of writing, around 23% below the all-time high of $3.40.
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Source: Altcoin Sherpa/X
The third-largest crypto asset by market cap is up by around 434% since November 4th.
According to the pseudonymous analyst, the XRP/Bitcoin pair presents a “much better” risk-reward ratio. Based on Sherpa’s chart, it appears that XRP/BTC is sitting below a resistance level that has existed since
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