Sherpa

April

Rise

The anonymous crypto analyst and trader Altcoin Sherpa stated that XRP is showing signs of strength amid a general market downturn.
<h2 style="text-align: justify" id="span-data-contrast-auto-altcoin-sherpa-expects-rise-in-a-href-https-en-coin-turk-com-ripple-xrp-slides-amid-ongoing-sec-case-critical-market-movements-ahead-data-wpel-link-internal-ripple-a-8216-s-xrp-to-over-0-80-span-span-data-ccp-props-201341983-0-335551550-0-335551620-0-335559739-160-335559740-259-span">Altcoin Sherpa Expects Rise in <a href="https://en.coin-turk.com/ripple-xrp-slides-amid-ongoing-sec-case-critical-market-movements-ahead/" data-wpel-link="internal">Ripple</a>&#8216;s XRP to Over $0.80 </h2>
 According to the analyst, XRP could rise to levels last seen in April 2022 if it overcomes resistance at $0.60: 
<blockquote>XRP is currently one of the strongest altcoins. I&#8217;m not a buyer at this level, but if it can strongly break this supply zone, I&#8217;ll be expecting a rise to $0.80 and above.</blockquote>
<img decoding="async" loading="lazy" class="aligncenter wp-image-84704 size-full" src="https://en.coin-turk.com/wp-content/uploads/2023/06/btc1-2.png" alt="" width="1386" height="694" srcset="https://en.coin-turk.com/wp-content/uploads/2023/06/btc1-2.png 1386w, https://en.coin-turk.com/wp-content/uploads/2023/06/btc1-2-300x150.png 300w, https://en.coin-turk.com/wp-content/uploads/2023/06/btc1-2-768x385.png 768w, https://en.coin-turk.com/wp-content/uploads/2023/06/btc1-2-1200x601.png 1200w" sizes="(max-width: 1386px) 100vw, 1386px" />
XRP, the sixth largest cryptocurrency with a market cap of $24.57 billion, is trading at $0.4728 at the time of writing, a 6.44% drop in the last 24 hours. 
<h2 style="text-align: justify" id="span-data-contrast-auto-foresees-a-pullback-to-20-000-in-a-href-https-en-coin-turk-com-bitcoin-evades-direct-hit-from-sec-lawsuits-but-faces-potential-impact-data-wpel-link-internal-bitcoin-a-span-span-data-ccp-props-201341983-0-335551550-0-335551620-0-335559739-160-335559740-259-span">Foresees a Pullback to $20,000 in <a href="https://en.coin-turk.com/bitcoin-evades-direct-hit-from-sec-lawsuits-but-faces-potential-impact/" data-wpel-link="internal">Bitcoin</a> </h2>
After discussing Ripple&#8216;s XRP, Altcoin Sherpa turned his attention to Bitcoin, predicting a sharp pullback to near $20,000 if the leading cryptocurrency drops below its $25,000 support level. He said, &#8220;I&#8217;ve always thought that $25,000 was a significant level, but maybe it&#8217;s not. Maybe this current level is just a support area. If we lose this level, I expect it to drop to $22,000 or lower. But support is still support. At least for now.&#8221; 
<img decoding="async" loading="lazy" class="aligncenter wp-image-84705 size-full" src="https://en.coin-turk.com/wp-content/uploads/2023/06/btc2-2.png" alt="" width="1378" height="710" srcset="https://en.coin-turk.com/wp-content/uploads/2023/06/btc2-2.png 1378w, https://en.coin-turk.com/wp-content/uploads/2023/06/btc2-2-300x155.png 300w, https://en.coin-turk.com/wp-content/uploads/2023/06/btc2-2-768x396.png 768w, https://en.coin-turk.com/wp-content/uploads/2023/06/btc2-2-1200x618.png 1200w" sizes="(max-width: 1378px) 100vw, 1378px" />
The crypto analyst also mentioned that he is cautious for now since BTC has price gaps (GAPs) at $24,000 and $20,000, stating &#8220;There&#8217;s a noticeable GAP between $24,000 and $26,000. I expect this to fill sooner or later. There&#8217;s also a CME (Chicago Mercantile Exchange) gap around $20,000. We&#8217;re facing many lower target levels. For now, I&#8217;m quite cautious. Be careful.&#8221; 
Investors closely monitor price gaps or &#8220;GAPs&#8221; on an asset&#8217;s price chart as they tend to fill over time. 
Bitcoin, the largest cryptocurrency, is trading at $24,885 at the time of writing, a drop of 4.20% in the last 24 hours, below the $25,000 level pointed out by the analyst. 
The post <a rel="nofollow" href="https://en.coin-turk.com/crypto-analyst-foresees-decline-in-bitcoin-growth-in-ripples-xrp/" data-wpel-link="internal">Crypto Analyst Foresees Decline in Bitcoin, Growth in Ripple&#8217;s XRP</a> appeared first on <a rel="nofollow" href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Crypto Analyst Foresees Decline in Bitcoin, Growth in Ripple’s XRP

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