Analyst Credible, who is also described as the Ripple prophet by his followers, talks about the rise of Ripple and a DeFi altcoin project, while waiting for the leading cryptocurrency Bitcoin to pause.
Sharing his analysis on his Twitter account, which has more than 300 thousand followers under the name Credible, the analyst said that he expects XRP to jump to $ 1.00 in his posts on February 11.
"We've come to the point where I'm most interested. It's possible to see some decline from here, but as I said in my last tweet, I believe we will create a bottom/upper bottom in this. Then we can reach higher levels."
At the time of writing, XRP price is trading at $0.823, up about 7% in the last 24 hours, according to Coinmarketcap data. Climbing Credible's $1.00 target will mark a gain of more than 22% over the current XRP price.
Hedera Hashgraph (HBAR), the publicly available Blockchan technology for P2P payments, is one of the altcoins that Credible has spoken positively about lately.
According to the analyst, HBAR could receive a strong upside reaction from the $0.22 support and reach the short term target of $0.26. Credible follows and interprets the technical chart below for this.
“We have provided the weekly demand zone since my previous update and we are now witnessing a pullback. As stated earlier, we need to recapture this area to confirm a bottom. Seeing we hold the $0.22-0.23 range before attempting to recapture the weekly supply. I would like."
When it comes to Bitcoin, Credible says the leading crypto still looks positive even if the price drops below $40,000.
"We've entered the $45,000-47,000 range, hit a local high, and is now recovering as predicted. I'm not sure how far this bearish momentum will go for Bitcoin, but any level between $38,000 and $39,000 will suffice."