Cryptocurrency analyst Credible Crypto, who is closely followed by the cryptocurrency community, is optimistic about XRP and thinks altcoins are in an important position to surpass Bitcoin (BTC).
Anonymous analyst known as Credible Crypto says that XRP’s price structure is very similar to data-sharing protocol OriginTrail, which rallied more than 300% after the local token TRAC’s recent listing on Coinbase Pro. A similar path to TRAC could take the cryptocurrency back to its previous all-time high of $3.40.
After Ethereum’s recent debut against Bitcoin (ETH/BTC), the trader is waiting for ETH’s next attack to kick off a new altcoin season. The analyst also notes that Bitcoin dominance has probably already peaked, paving the way for an altcoin rally.
The analyst says that falling Bitcoin dominance does not necessarily mean that the price of BTC will fall. Taking a closer look at the top crypto asset, Credible says Bitcoin is close to deciding whether it wants to break up or continue to rise.
According to your analysis, 63,000-64. A $1,000 rejection could take BTC back to the massive $58,000 support.