A highly regarded crypto strategist believes that XRP is preparing for a bullish continuation after experiencing a strong rally last month. The pseudonymous 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 the analyst, his initial target for XRP/ETH would bring the price of XRP/USD to a level last seen in January 2018, when the altcoin reached its all-time high.

“We still have approximately 98% more upside to go against ETH before reaching my first main target on the XRP/ETH pairing.

Based on the current price of ETH ($4,000), this would put XRP at over $5.

In the short term, we are looking for a reclaim of this low timeframe range, which could result in a ~30% upward move, potentially pushing the price above $3 for the first time in over six years.”

Ultimately, Credible predicts that XRP will surge to a new all-time high during this cycle, potentially reaching a minimum of $10.

“I will wait until we reach double-digit figures. I am actively scalping/trading XRP in my trading portfolio, which is how I ‘take profits’ along the way. However, I will not touch spot positions until I believe we are nearing the end of the XRP cycle, and we are still far from that point at the moment.”

As of the time of writing, XRP is trading at $2.51.

Regarding the broader altcoin market, the crypto analyst expects old coins that have suffered significant losses in recent years to soar to new record highs before the current bull market comes to an end.

“Many people believe that the ‘old guard’ will not reach new all-time highs in USD because their market caps have significantly increased due to token inflation…

I maintain the belief that most coins that have experienced an 80-90% decline (and have been in this state for months) will surpass their previous all-time highs by the end of this cycle, as long as they are not outright scams or rugs.”

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