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 seems to be 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 be updating his forecast on the layer-1 protocol Solana (SOL). Based on Pentoshi, the bulls are already celebrating SOL’s large rallies as of late which tells him that the crypto asset could also be near witnessing a pullback.
“The timeline is getting slightly loud on this one. Most likely 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). Based on 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 underneath resistance that opens that up.”
At time of writing, AAVE is buying and selling at $81.81.
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