“XRP: Up to $ 0.60 and then $ 0.87 if this level is conquered. Very strong momentum.”
XRP is changing hands at $ 0.50 at press time.
A rally to $ 0.87 of Altcoin Sherpa would mark a near 80% rally for this altcoin.
"BTC: I think $ 18,500 is a liquidity zone and bears can test this liquidity zone. The next demand zones at $ 18,000 and $ 17,500 could help the price move up, be cautious.”
The leading cryptocurrency by market capitalization is trading at $ 18,973 at press time.
Next on the analyst's list is the scaling solution Ethereum Optimism (OP). Altcoin Sherpa speak that while he expects a rally in the OP in the short term, ultimately he still expects it to drop to the $ 0.50 region.
“OP: This current price zone is an HVN [high volume node] on the volume profile indicator, so it could help the price bounce. However, this is only a short rally before the price continues to fall and stabilize around $ 0.50.”
OP is currently trading at $ 0.926.
“APE: $ 5.85 is the key level, without any daily candle closing above it for almost two weeks. Doing so means that this is a very strong resistance area. I still keep my long position but I took profits around $ 5.90 zone. Looks a bit scary, so take a little more profit here.”
APE is valued at $ 5.62 at press time.