A widely followed crypto analyst is predicting a massive surge for Ethereum ( ETH ) competitor XRP while updating his outlook on Bitcoin ( BTC ) and two other altcoins.
Pseudonymous trader Altcoin Sherpa tells his 183,000 Twitter followers that XRP should rise to $0.60 before ultimately shooting up to $0.87.

“XRP: Go to $0.60 and then $0.87 if that cleanly breaks. Bizarre reaction for some of these altcoins.”
Source: Altcoin Sherpa/Twitter
XRP is changing hands at $0.49 at time of writing.
A rally to Altcoin Sherpa’s target of $0.87 would mark a nearly 80% rise for the payments token.
The analyst then brings up Bitcoin, saying that the king crypto’s current price level seems “spent,” meaning he believes it will dip soon.
“BTC: I think that the wick around $18,500 seems very spent, it seems likely that the next wicks up are coming. 18,000 and 17,500 are the next demand areas up, would stay very cautious.”
Source: Altcoin Sherpa/Twitter
The top crypto asset by market cap is moving for $18,873 at time of writing.
Next on the trader’s list is ETH scaling solution Optimism ( OP ). Altcoin Sherpa says that while he expects a bounce for OP in the short term, he ultimately expects it to settle around the $0.50 area.
“OP: This current area is a HVN [high volume node] on volume profile, so it should maybe bounce, but this is still a comfortable short all the way down to $0.50 in my opinion.”
Source: Altcoin Sherpa/Twitter
OP is currently trading for $0.926.
Altcoin Sherpa wraps up his analysis by bringing up ApeCoin ( APE ), the native asset of the Bored Ape Yacht Club non-fungible token (NFT) community. He says that APE currently is at a significant price level and that it “looks scary.”
“APE: $5.85 is a significant level IMO, no 1d [one day] closes over there in almost two weeks. Doing so would mean mid $6s, but it’s a strong level. I still am in my position but I took more profits around the $5.90 area. It looks a bit scary, so taking a bit more profits here.”
Source: Altcoin Sherpa/Twitter
APE is valued at $5.62 at time of writing.
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The post Crypto Trader Predicts XRP Could Erupt by Over 80%, Updates Outlook on Bitcoin (BTC) and Two Altcoins appeared first on The Daily Hodl .