Top-10 Altcoin That’s Exploded Over 400% in a Month Could Rally Into New All-Time High, According to Trader
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. 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 May of 2021 and is around 88% below the all-time high of 0.0002247 BTC. Source: Altcoin Sherpa/X XRP is trading at 0.00002727 BTC ($2.63) at time of writing. The widely followed analyst also offers his insight into the Solana (SOL) ec...