A popular crypto strategist and trader highlighted a crucial area of resistance for XRP that needs to be crossed to pave the way to its all-time high.
Anonymous analyst Credible predicts that XRP is currently taking one level at a time and could hit all-time highs once it breaks the high time frame (HTF) resistance.
According to Credible’s chart, the $1.50-$1.70 area is the breakout point in May, which ignited a multi-month bear trend for the crypto asset until it bottomed out in July.
Looking at Bitcoin, Credible says that BTC is poised for a short-term bounce after retesting the $62,000 support.
On November 8, when Bitcoin broke above $67,000, Credible predicted that the rally would fall short and BTC would experience a short-term pullback.
The crypto strategist is also looking at Hedera Hashgraph (HBAR), a public network for peer-to-peer payments. According to Credible, HBAR is on the rise after breaking above a critical level.
Credible also noted that despite the recent general correction, most altcoins are in an uptrend.