A well-known cryptocurrency strategist believes that XRP is preparing for a bullish continuation after its significant rally last month. The analyst, known as Credible, informs his 446,700 followers on the social media platform X that he is closely monitoring the XRP/ETH pair.

According to Credible, his initial target for XRP/ETH would bring the XRP/USD price to a level last observed in January 2018, when the altcoin reached its all-time high. He states, “We still have another ~98% of upside to go against ETH before my first main target on the XRP/ETH pairing is met. At current prices of ETH ($4,000), that would put XRP at over $5. In the immediate short term, looking for a reclaim of this low time frame range for a ~30% move to the upside which should put us over $3 for the first time in over six years.”

Credible ultimately believes that XRP will skyrocket to a new all-time high during this cycle, potentially reaching a minimum of $10. He mentions that he is actively scalping/trading XRP in his trading portfolio to take profits along the way. However, he will not touch spot trading until he believes the XRP cycle is nearing its end.

At the time of writing, XRP is trading at $2.51. In terms of the broader altcoin market, the analyst expects old coins that have suffered significant losses in recent years to surge to new record highs before the current bull market comes to an end. He states, “A lot of people think many of the ‘old guard’ won’t make new all-time highs (ATHs) in USD because their market caps are much higher now due to token inflation… I stand by the idea that most coins that are down 80-90% (and have been for months) will blow past their prior ATH by the end of this cycle (as long as they’re not outright scams/rugs).”

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