Bitcoin

<p>The next breakthrough in the cryptocurrency market could come from XRP. Ripple crypto, which has been steadily rising since the beginning of the year, could continue its ascent to the point of surpassing Bitcoin (BTC), according to analyst Kaleo. The expert shared his technical analysis with his Twitter followers.</p><div class="thumbnail post-cover-image"><img src="https://www.cointribune.com/app/uploads/2023/06/xrp-1024x683.png" srcset="https://www.cointribune.com/app/uploads/2023/06/xrp-1024x683.png 1024w, https://www.cointribune.com/app/uploads/2023/06/xrp-300x200.png 300w, https://www.cointribune.com/app/uploads/2023/06/xrp-768x512.png 768w, https://www.cointribune.com/app/uploads/2023/06/xrp.png 1200w" sizes="(max-width: 1024px) 100vw, 1024px" class="post-cover-image--img" alt="XRP logo"></div><div class="my-4"></div>



<h2 id="h-xrp-about-to-rally-according-to-kaleo">XRP about to rally, according to Kaleo</h2>



<p>Known only by his pseudonym, Kaleo is one of the analysts who enjoys great popularity on Twitter. The trader has over 590,000 followers and doesn’t hesitate to share his analysis and predictions with his community on the social network. After announcing <a href="https://www.cointribune.com/bitcoin-btc-vers-des-mouvements-violents-a-la-hausse/" target="_blank" rel="noreferrer noopener">violent upward movements for Bitcoin</a> just a few days ago, Kaleo is back with a new prediction.</p><div class="my-4"><div class="ads ">
    </div>
</div>



<p>This time, the renowned analyst <a href="https://dailyhodl.com/2023/06/04/popular-analyst-says-xrp-about-to-rally-and-outperform-bitcoin-heres-his-target/" target="_blank" rel="noreferrer noopener">focuses on the XRP/BTC pair</a>. He points out that the sixth-largest digital asset by market capitalization shows signs of an upward trend. Kaleo asserts that the XRP chart indicates that the cryptocurrency is ready for a push upwards.</p>



<p>The crypto specialist draws a parallel with Tron (TRX) to reinforce his prediction. “<em>For reference here’s what TRX just did. A similar squeeze could send XRP to $0.60+,</em>” he declared. Indeed, Tron (TRX) has recently made a remarkable progression, going from a low of $0.74 to a peak of $0.85. A scenario that could be replicated with XRP, according to Kaleo.</p>



<h2 id="an-opinion-shared-by-another-expert">An opinion shared by another expert</h2>



<p>In the cryptosphere, many other experts agree on a potential rise of XRP. Analyst Cantering Clark, who has over 176,100 followers on Twitter, is among the investors who foresee a bullish movement for this cryptocurrency.</p>



<p>Mr. Clark joins Kaleo and bases his analysis on studying XRP price movements. He even plans to accumulate the altcoin. “<em>Not really looking at a whole lot of charts lately, but not gonna lie, between the weird spot bid and the launchy looking setup, I think I need to start TWAPing (time-weighted average price) XRP,</em>” he affirmed.</p>



<p>At the time of writing this article, XRP is trading at $0.53. However, <a href="https://www.cointribune.com/xrp-vers-une-hausse-jusqu-a-045-estime-un-analyste-crypto/" target="_blank" rel="noreferrer noopener">the numerous predictions by analysts regarding the price increase of XRP</a> portend better days for the crypto.</p>

Analyst Kaleo predicts spectacular rise of XRP

Table of Contents

Cointribune EN

Other articles published on Jun 7, 2023

Arbitrum Stopped Processing Transactions due to Sequencer Bug, Now Fixed

Advancing Privacy: Aram Jivanyan advancing Lelantus Spark

Shiba Inu (SHIB) Aims to Expand Its Reach in the Crypto Market

Whale withdraws almost $62m worth of MATIC from BinanceUS

LDO, ARB, OP Display Strength Despite Latest Regulatory Hurdle

Experts believe the Ripple vs. SEC trial will end in June

Join our free newsletter for daily crypto updates!