An analyst in the crypto market suggests that a payments-focused altcoin, which has been performing well, is being overlooked by participants.
Altcoin Sherpa, a crypto strategist with a large following on X, predicts that XRP will reach record highs before the market cycle ends.
Using Fibonacci retracement levels, the trader identifies a strong support area for XRP bulls.
“XRP is still undervalued and underestimated by many in the crypto community. I believe buying at $2 is a good decision, and it will surpass its all-time high by the end of the cycle.”
Currently, XRP is valued at $2.17.
Regarding the memecoin Popcat (POPCAT), Altcoin Sherpa suggests that the Solana (SOL)-based token may be ending its downtrend.
“POPCAT seems to have reached its lowest point.”
Currently, POPCAT is trading at $0.798.
Looking at a project known as a Solana competitor, Sui (SUI), Altcoin Sherpa advises traders not to underestimate it despite the bearish daily chart.
“SUI’s chart doesn’t look promising at the moment, but the token continues to rise despite that. Proceed with caution if considering shorting.”
Currently, SUI is priced at $4.18.
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Generated Image: Midjourney
