A closely followed crypto strategist believes payments network XRP is likely ready to rally while seeing more upside potential for Bitcoin (BTC) and one under-the-radar altcoin.
Pseudonymous analyst Cantering Clark tells his 159,200 Twitter followers that it’s “almost time” for XRP to burst to the upside.
“XRP looks really good.”
Looking at the analyst’s chart, it appears that XRP has broken above a high volume node range while also staying above its average true range of $0.422.
At time of writing, XRP is changing hands for $0.426, a fractional increase on the day.
As for Bitcoin, the crypto strategist thinks that the king crypto is not yet done rallying.
“I would be genuinely surprised if this kind of action did not end with a fomo- [fear of missing out] driven blow-off.”
The crypto strategist also has his radar locked on Synapse (SYN), a platform designed to enable the transfer of digital assets between blockchains securely and efficiently.
Cantering Clark predicts that SYN could rally by as much as 115% after taking out resistance at $0.70.
“SYN looks like it is about to rip.
Sitting at support, and currently no perps listed on exchanges yet.
How long does that last?”
At time of writing, SYN is trading for $0.882, nearly a 20% increase on the day.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Achmad Rofi’i