Analyst Predicts XRP as the Fastest Horse in Bullish Crypto Market
An analyst who accurately predicted the crypto market bottom in 2022 has identified one large-cap digital asset that he believes will be the fastest horse if conditions turn bullish again.
XRP Potential Outperformance
In a recent strategy session on the TechnicalRoundup YouTube channel, the analyst known as DonAlt shared his belief that XRP has the potential to outperform other crypto assets, including Ethereum (ETH).
“I’m a big XRP believer. I think the XRP price is going to go up. I think it’s the best coin to capture altcoin strength this market cycle.”
XRP is currently trading at $2.30, showing a significant increase of around 342% from its price of $0.52 on November 1st, 2024.
While XRP may have more upside potential than Ethereum, DonAlt suggests that holding ETH during a market downturn could be more favorable.
“If the market goes down, you’re going to be happier with ETH. But if the market goes up, XRP could outperform significantly.”
Bitcoin’s Recovery and Potential Weakness
DonAlt also commented on Bitcoin’s recent recovery after dropping to around $76,600, stating that further downside corrections could indicate a bearish trend.
“We bounced above support at $72,000, which is positive. However, trading below $80,000 for an extended period could be concerning. Retesting $70,000 would signal significant weakness and make recovery more challenging.”
Bitcoin is currently trading at $84,319.
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