Widely Followed Analyst ‘Credible Crypto’ Says XRP Will Recuperate Top 3 Spot
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Widely Followed Analyst ‘Credible Crypto’ Says XRP Will Recuperate Top 3 Spot

April 6, 2021      Sahaj Sharma

Credible Crypto, a widely followed crypto analyst, has recently revealed that he is convinced that XRP will reclaim its position in the top 3 spots after breaking its resistance level. In his recent tweet, the analyst seemed convinced to his 146,400 followers that XRP will be the third-largest cryptocurrency after breaking the $1 level.

Credible Crypto Says, XRP Will be in the List of Top 3 Soon

As mentioned in the tweet, the cryptocurrency will be able to do so after it successfully takes out its resistance level at $0.56, then $0.87.

The analyst said:

“Red resistance region cleared, backtested nicely on the daily, looks good to go. XRP you are cleared for takeoff.”

Talking about the effect of the tweet, XRP witnessed a high rally that launched the native asset of Ripple to a 3-year-high price of $1.04.

Amid the heavy breakout, XRP now possesses the momentum to step over DOT, BNB, and USDT, to become the third-largest cryptocurrency by market capitalization.

Credible said revealing the pace at which Ripple was shooting:

“Lol just watch how quickly XRP makes it back to the top 3.”

Possibility of Ripple’s Native Coin to Beat ETH

Taking his prediction a bit further, the crypto analyst said that XRP has the potential to propel ETH as the second-largest cryptocurrency in the world.

Well, for Credible Crypto’s prediction to come true, the price of the native currency of Ripple needs to surge over 45% in order to beat the market capitalization of the current third-largest crypto asset, BNB.

In addition to this, to beat the market capitalization of ETH, the price of XRP needs to rise by at least 526%.

At the time of writing this piece of news, the cryptocurrency is being traded at $1.06 and regains the fourth position. Moreover, the digital asset’s market cap has surged from $4 billion on April 4 to $26 billion on April 5 to stand currently at $43 billion.

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#Credible Crypto #Ripple #XRP
Sahaj Sharma
Sahaj Sharma

Sahaj is an aspiring journalist with a keen interest in cryptocurrency and the whole concept of Blockchain technology. He is positive about the future potential of Cryptocurrency and Blockchain in shaping the world of finance for good. At present, he is covering the latest developments in the field of the cryptosphere.