Crypto Analyst Releases Outlook For PEPE, Ethereum, And XRP, Here Are The Targets
Release: 2024/08/04 17:04 Reading: 441
- Original author：Bitcoinist
- Original source：https://bitcoinist.com/?p=313413
Crypto Market Analysis Report
PEPE (PEPE)
Crypto analyst CrediBULL Crypto observes that PEPE has remained resilient amid the broader market decline. He predicts a potential price rally as it seeks untapped liquidity. CrediBULL Crypto anticipates a move towards $0.00001382, although a larger downward trend could result in a drop to $0.00000570. However, a market rebound could mitigate this bearish outlook.
Ethereum (ETH)
CrediBULL Crypto expects Ethereum to decline below $2,800. He has closed his short positions but remains open to reopening them if a relief bounce fails to materialize. CrediBULL Crypto maintains a long-term bullish sentiment towards Ethereum, hoping for a price drop to present an opportunity for accumulation. He previously predicted an ETH price of $20,000 in this market cycle.
XRP (XRP)
CrediBULL Crypto's previous analysis of XRP remains unchanged. He sees XRP still ranging and advises against trading it currently. However, he would consider entering a trade if XRP falls to $0.50 or $0.39. CrediBULL Crypto believes XRP may experience a pullback towards the green zone he has highlighted before a further upward movement.
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