Prominent Crypto Analyst Says $XRP Price could Soon Outperform Bitcoin

Prominent cryptocurrency analyst Credible Crypto has predicted that the price of XRP is likely near a bottom when trading against the flagship cryptocurrency bitcoin and sees it reverse to outperform the cryptocurrency.

In a tweet, Credible Crypto shared a chart illustrating his thoughts and added that it’s worth considering XRP is “on a major historical support” when trading against the U.S. dollar. The cryptocurrency, it’s worth noting, has been dropping from a near $2 high since April of this year.

As Daily Hodl reports, the cryptocurrency analyst has in the past revealed a massive XRP price prediction, seeing the cryptocurrency surge to $20 in the future. In a shorter timeframe, he sees the seventh-largest crypto by market capitalization climb back to the $1 mark.

In March of this year, Credible Crypto accurately predicted that the price of XRP would undergo a massive rally after enduring a healthy correction. At the time, the cryptocurrency was trading close to $0.5 and started surging later that month to approach $2 by April.

It’s worth noting the cryptocurrency’s price had been on a downtrend at the time after the U.S. Securities and Exchange Commission (SEC) announced a lawsuit against Ripple Labs and two of its executives, who are also significant XRP holders, alleging that they “raised over $1.3 billion through an unregistered, ongoing digital asset securities offering.”

Other analysts, however, aren’t as bullish on the cryptocurrency. Peter Brandt, a veteran trader who accurately predicted bitcoin’s 80% drop in 2018, has revealed he sees XRP drop against BTC in the future as it has formed a head and shoulders pattern.