Altcoins

Top Analyst Predicts Breakout Rally for XRP, Updates Outlook on Solana and Ethereum-Based Altcoin

A crypto strategist who precisely known as the highest of Bitcoin’s (BTC) 2021 bull market is anticipating one other leg up for XRP.

Pseudonymous analyst Pentoshi tells his 706,900 followers on the social media platform X that XRP seems bullish after taking out a key resistance degree at $0.548.

“XRP followers.

A breakout above $0.548 ought to lead in the direction of $0.62-$0.63.”

Supply: Pentoshi/X

At time of writing, XRP is buying and selling for $0.59, up about 3% within the final 24 hours.

The analyst can also be updating his forecast on the layer-1 protocol Solana (SOL). In line with Pentoshi, the bulls are already celebrating SOL’s massive rallies as of late which tells him that the crypto asset could also be near witnessing a pullback.

“The timeline is getting a little loud on this one. Probably local top soonish, in the purple box.” 

Image
Supply: Pentoshi/X

Trying on the dealer’s chart, he appears to foretell that SOL will seemingly meet resistance at $38.70. At time of writing, SOL is value $38.59.

One other altcoin on the analyst’s radar is the governance token of the Ethereum (ETH)-based decentralized finance lending protocol Aave (AAVE). In line with Pentoshi, AAVE will see a giant breakout rally if it manages to breach resistance at $90.

“This one likely consolidates a bit more. A break above $90 likely brings $112-$115. For now, it’s under resistance that opens that up.”

Image
Supply: Pentoshi/X

 At time of writing, AAVE is buying and selling at $81.81.

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