A popular analyst says crypto market participants are overlooking a payments-focused altcoin that has been performing well over the past few months.
The crypto strategist pseudonymously known as Altcoin Sherpa tells his 236,400 followers on the social media platform X that he believes XRP will print record highs before the market cycle comes to a close.
But for now, the trader uses Fibonacci retracement levels to map out a decent support area for XRP bulls.
“XRP will continue to be under-owned and slept on by crypto natives. I still think $2 is a reasonable buy and that this will break ATH (all-time high) by cycle end.”
At time of writing, XRP is worth $2.17.
Looking at the memecoin Popcat (POPCAT), the trader believes that the Solana (SOL)-based crypto asset may be in the midst of ending its multi-week downtrend.
“POPCAT this should be the relative bottom.”
At time of writing, POPCAT is trading for $0.798.
Turning to a crypto project dubbed a Solana killer, Altcoin Sherpa says that traders should not underestimate layer-1 protocol Sui (SUI) despite its bearish-looking daily chart.
“SUI I’d never want to short this chart where it’s currently at but it doesn’t look great. Still this one keeps going higher regardless of how the chart looks, so fade at your own peril.”
At time of writing, SUI is worth $4.18.
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
