Cryptocurrency market participants are overlooking payments-focused altcoins that have performed well over the past few months, a prominent analyst said.
A cryptocurrency strategist known by the pseudonym Altcoin Sherpa told his 236,400 followers on social media platform X that XRP will hit an all-time high before the end of the market cycle.
However, currently traders are using Fibonacci retracement levels to plot suitable support areas for XRP bulls.
“XRP will continue to sleep unowned by cryptocurrency natives. I still think $2 is a reasonable buy and it will break the ATH (all-time high) by the end of the cycle.”
As of this writing, XRP is worth $2.17.
Looking at memecoin POPCAT, traders believe that the Solana (SOL)-based cryptocurrency asset may be ending its multi-week downtrend.
“POPCAT should be a relative floor.”
As of this writing, POPCAT is trading at $0.798.
Altcoin Sherpa says traders should not underestimate layer-1 protocol Sui (SUI) despite a bearish daily chart, with the cryptocurrency project being dubbed the Solana killer.
“SUI I don’t want to shrink the current chart, but it doesn’t look good. Still, this chart will continue to rise regardless of its shape, so it will likely disappear at your peril.”
As of this writing, SUI is worth $4.18.
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