Trader who called latest Bitcoin correction says XRP is at resistance to rally to new all-time high

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A popular crypto strategist and trader highlights a crucial area of ​​resistance for XRP that he must eliminate to pave the way for a new all-time high.

Pseudo-crypto analyst Credible tells his 263,300 subscribers that XRP is currently taking it one level at a time and should see clear skies to new all-time highs (ATH) once it breaks through resistance at a high time frame ( HTF).

“Once we manage to clear $ 1.70 off HTF, we’re definitely going to take off targeting the new ATH… Here you can see why this region, in general, is so important.”

Source: Credible / Twitter

According to Credible’s chart, the area between $ 1.50 and $ 1.70 was the breaking point in May, triggering a multi-month downtrend for the seventh largest crypto asset to its low in May. July.

Looking at Bitcoin, Credible says BTC is poised for a short-term rebound after retesting support around $ 62,000.

“[BTC] decided to take the stockings first. Let’s go back to $ 66,000 = now. Note that although BTC did a local low here, most alts did NOT. It’s a good sign. “

Source: Credible / Twitter

On November 8, when Bitcoin surpassed $ 67,000, Credible predicted that the rally would be insufficient and that BTC would experience a short-term pullback.

The crypto strategist is also looking into Hedera Hashgraph (HBAR), which is a public network for peer-to-peer payments. According to Credible, HBAR looks bullish after breaking through a critical level.

“Ladies and gentlemen and HBAR barians, we just got our first confirmed daily close over the supply area I was referring to below ($ 0.42). Buckle up. Your patience is about to be generously rewarded.

Source: Credible / Twitter

Credible also says that most altcoins look bullish despite the recent general correction.

“Limited downside compared to current levels. Most alts took big hits but eventually retested key breakout levels and maintained their bullish structure, leaving a long time [liquidation] wicks in their wake. It was just an upheaval and most of the damage is done in my opinion. “

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Featured Image: Shutterstock / Susanitah

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