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Is XRP bottoming out? Top crypto analyst turns ultra-bullish

Trusted Crypto, a widely followed market expert with 479,900 followers on XRP on XRP in a video on October 15, arguing that it is the most intense and important event in the history of crypto. ” He built on Friday’s Friday market risk- “about 10 times more than FTX Drappse” – As an anomaly he is the bottom key and he said the main support of XRP is focused on closing the bases, keeping his Outlook with two digits.

XRP is aiming for double digits

The analyst’s basic claim is straightforward: the violent wick of new dumping in many places was not able to take xrp’s High He points to the almost monthly band of $ 2.00-$ 2.40, noting that after the flash-liquidity cascade “we did not find 4 alternatives to 1.17 in some places that were made at $ 1.17 with forced sales.

“Finally in the time of high frames and it looks good,” he said, adding that the previous XRP started at ~$0.49; As long as the price holds above the origin of that momentum, it considers the recent sell-off to be a mid-cycle correction, not a high-cycle one. In his words: “This is not the end of the bull run for XRP … we have much higher to go.”

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He put a sign that was clear tactics. In the USD pair, the first available band is around $2.70-$3.11; Acceptance above the region would suggest that the next push has already begun. Of the two variants, the usual fertile highlight “Gandalf’s Tomb” in XRP / BTC – resistance to several connections that recently passed support and was respected in times of danger.

The way forward, in its telling, splits into two equally incomparable tracks. In the first period, Bitcoin runs hot towards $130-$150k in a parabolic extension while xrp chops sideways; That dynamic could push XRP/BTC down into a deeper, higher-term area of ​​the time frame as XRP/USD holds a higher base above ~$1.90-$2.30.

XRP / USD Analysis | Source: x @crediblecryto

In the second, XRP stabilizes here and rips soon, with XRP / BTC to launch directly and “a small transfer … 50% goes to bitcoin,” it is USD at a new time every time. He warns that the low drift in XRP / BTC can be a feature, not a nuisance: “If you are not fully loaded on XRP, then you should be fully loaded,” he said.

Analysis of XRP / BTC
Analysis of XRP / BTC | Source: x @crediblecryto

Clearly, the trusted crypto is binding the xrp Roadmap to Ethereum’s next leg. He argues by showing a “clean movement” in five years of the ocean wave from ~$2000 to ~$4,700 – and then draws two scenarios.

In one (aggressive) scenario, that $2000-$4,700 Movs closed in a sequence of $10,000+, with the current two-Wave drawdown before the $5k-$6K- Extending leg.

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In case two (less aggressive, less management), eth lost the last wave-five of high pressure above $5k, then a wide, deep correction. He also gives a hard work of the second situation: If eths fell to ~ $ 2,700-$ 2,800, overlap with wave-one can spit, we are overly interested in one situation. Either way, he says, “Subf- 2000 $ 2000 Emereerum gone round.”

Analysis of XRP / Eth
Analysis of XRP / EST | Source: x @crediblecryto

Why this XRP story? Because if Eth makes a clean run to $5k first, xrp / ethsi is likely to break out into a deep desired band before reconciliation – a time that could happen in the XRP / USD BASH while the leg of eth. He sees that as a constructive sign, not a weakness: the last dip in XRP / ethy in search of the higher time frame “could tell us where we might see where we might see an opportunity to trade long in XRPusd,” and a big base. “

Crypto’s playbook for reliable authentication is clear. In XRP/USD, watch for strong waves to force lows and clean acceptance above $2.70-$3.11. For XRP/BTC, it can be a quick transition from “Gandald’s grave” and even if blood is controlled into a block of deep demand, pre-determined that will bloom over time. In XRP / Eth, the Drift to the Green Demand Area may coincide with the last Eth Presh crossing $5K, after which the cross is expected to turn hard in XRP’s Favelion.

During the period, XRP was traded at $2.42.

XRP price
XRP price, 1-Day chart | Source: xrpusdt on tradeniew.com

The featured image is made with DALL.E, a chart from ChattingView.com

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