The widely respected analyst and trader is taking a bullish stance on the large-cap altcoin, which has surged more than five-fold in a month.
The analyst, who goes by the pseudonym Sherpa, told his 233,400 followers on social media platform
XRP is trading at $2.65 at the time of writing, about 23% below its all-time high of $3.40.
The third-largest cryptocurrency asset by market capitalization is up about 434% since November 4.
According to an anonymous analyst, the XRP/Bitcoin pair offers a “much better” risk-reward ratio. According to Sherpa’s chart, XRP/BTC is sitting below a resistance level that has existed since May 2021 and appears to be around 88% below its all-time high of 0.0002247 BTC.
As of this writing, XRP is trading at 0.00002727 BTC ($2.63).
The widely respected analyst also provides insight into the Solana (SOL) ecosystem. Sherpa says:
“The road may be long and difficult and difficult to endure. However, I still believe that many of SOL’s artificial intelligence (AI) coins will remain very bullish in the coming months. I still believe this is the best combination of speculation and technology.”
Sherpa lists some of his chosen cryptocurrencies in the Solana ecosystem, saying that AI-related cryptocurrencies such as Goatseus Maximus (GOAT), The AI Prophecy (ACT), and Zerebro (ZEREBRO) are “very solid.”
Zerebro is trading at $0.373 at the time of this writing, up about 2,148% over the past 30 days. AI Prophecy is trading at $0.532 at the time of writing, up about 2,430% over the past month, while Goatseus Maximus is trading at $0.817 at the time of writing, up about 62% over the last 30 days.
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