ETH, DOGE & XRP Ready for Massive Surge: Here’s What to Expect
Key Takeaways
- Altcoin Sherpa, a popular crypto analyst, is bullish on XRP and believes that the token is set to experience a massive rally.
- The analyst also highlighted Liquity (LQTY) and Ethereum (ETH) as potential candidates for growth in the near future.
- Dogecoin (DOGE) may experience a retrace after its recent pump due to it being an illiquid move.
XRP Prediction
Popular crypto analyst Altcoin Sherpa is bullish on XRP and believes that the token is set to experience a massive rally. The expert used the Fibonacci retracement tool to predict an XRP retracement to the $0.46 level, which is the 0.5 Fibonacci level, and then a move to the upside. As of the time this article was written, XRP is trading at $0.51, and if Altcoin Sherpa’s prediction holds true, XRP could experience a significant price surge sooner than most are expecting.
Liquity (LQTY)
Altcoin Sherpa also highlighted Liquity (LQTY), a decentralized borrowing protocol that is Ethereum-based, as one of its potential investments for growth in the near future. The trader noted that Liquity’s swing trade charts look promising and that it could see substantial gains in the near future.
Ethereum (ETH)
The expert weighed in on ethereum stating that a bottom may have formed on the ETH/BTC chart. If true, he predicts that altcoins like ETH will surge in value in the short term but dip again in the long term.