Crypto analyst Credible Crypto shared his latest predictions regarding Bitcoin and XRP, claiming that the crypto market is poised for new movements.
Bitcoin Prediction
Crypto analyst Credible Crypto believes that the current correction of Bitcoin is merely a temporary pause before another upward surge. He predicts that Bitcoin could enter a phase of rapid growth in the coming weeks, provided it holds a crucial support level around $105,000. "Losing that zone would delay the cycle and surprise me at this point," noted the analyst, adding that current conditions favor continuation rather than collapse. At the time of writing, Bitcoin is trading around $113,300, comfortably above the critical level.
XRP Analysis
Beyond Bitcoin, Credible Crypto has turned his attention to XRP. According to his latest chart analysis, the XRP/BTC pair appears to be carving out an inverse head-and-shoulders formation, which is traditionally viewed as bullish. If confirmed, XRP could climb at least 28% against Bitcoin, revisiting levels not seen since July. "If Bitcoin stabilizes here, XRP is in a strong position for a breakout," noted the analyst.
Conclusions and Prospects
Thus, the outlook for Bitcoin and XRP appears optimistic, assuming current conditions remain stable. Analysts' attention to the movements of these cryptocurrencies may signal potential changes in the market in the coming weeks.
Paying attention to key support levels and patterns on charts may assist investors in making critical decisions, especially in light of active forecasts for the future.
