April 1, 2023

A crypto strategist who continues to build a following through timely altcoin calls is outlining what to store for three digital assets, including XRP and Ethereum (ETH).

The pseudonymous analyst, Altcoin Sherpa, told his 183,100 Twitter followers that he is bullish on XRP, believing that the seventh-largest cryptocurrency by market cap will spark a decent rally in the near term.

“XRP: The Standard…

Aiming range is high. “

resource: Altcoin Sherpa/Twitter

At the time of writing, XRP is changing hands at $0.41, up more than 8% in the past 24 hours.

Next up is Ethereum, the leading smart contract platform. According to Altcoin Sherpa, he expects ETH to correct more before potentially bottoming out and reversing its bearish trend.

“ETH: $1,000 to $1,200 next zone based on volume. Should be some nice support in this range.

Prices are fractal. You will see these types of double bottom reversals on all time frames. In my opinion, this is what a potential bottom looks like. “

resource: Altcoin Sherpa/Twitter

At the time of writing, Ethereum is valued at $1,334, down nearly 3% on the day.

Another altcoin that traders are eyeing is Chiliz (CHZ), a platform’s native asset that aims to tokenize sports and esports to encourage fan participation. According to Altcoin Sherpa, a rally could be triggered if CHZ bulls manage to break above its immediate resistance at $0.25.

“This looks scary on all timeframes, but is still one of the top performers. A potential double top for four hours, plus this is still a resistance area. If it breaks up, in my view Come on, $0.30 is the next upside zone.”

resource: Altcoin Sherpa/Twitter

At the time of writing, CHZ is changing hands at $0.24, down more than 3% in the past day.

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