Crypto Analyst Says Shiba Inu Ready To Return To All-Time High, Predicts Major Rally To Come For XRP

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A closely watched cryptocurrency strategist and trader said the Shiba Inu coin (SHIB) looks set to rally to its all-time high and predicts an epic rally for XRP.

In a new strategy session, analyst Scott Melker tells his 110,000 YouTube subscribers that Shiba Inu looks bullish after removing diagonal resistance that has kept competitor Dogecoin (DOGE) bearish over the past few weeks.

“I bought it because it’s showing up on the chart and I think it can climb back to the highs… This thing has a ton of volume. We see that this four hour candle is the biggest in a few days, bursting. I like this. My target is here ($ 0.000089). “

At the time of writing, SHIB is trading at $ 0.000053.

The crypto strategist is also closely monitoring open source digital currency XRP, which he says has also removed its diagonal resistance and retested it as support.

“Just XRPeed.”

Source: Scott Melker / Twitter

According to Melker’s chart, XRP is poised to climb to $ 1.96, scoring potential gains of over 64% from its current value of $ 1.19.

As for Bitcoin, Melker says the major cryptocurrency looks bearish as the Relative Strength Indicator (RSI), which tracks an asset’s momentum, shows signs of weakness.

“Looks like it’s a bit toppy in here. We are right on bearish divergence. Daily bearish divergence [chart]. This usually plays out, especially when it comes to overbought. “

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