CrediBULL Cryptocurrency Analyst Provide market analysis for Pepe (PEPE), Ethereum (ETH)and XRP. Based on his analysis, PEPE could hit a new high soon enough, given how far it has ranged since hitting a new high. All Time High (ATH) in May.
PEPE price hike on the horizon
Credit Bull Crypto Mentioned in X (formerly Twitter) mail PEPE has been holding up well despite the bearish trend in the broader crypto market, he added. As such, he added that he wouldn’t be surprised if the meme coin saw another rally to absorb some untapped liquidity before moving in tandem with Current downtrend In the market.
The analyst also revealed that he does not plan to open a long-term position on baby However, he will continue to monitor how things develop. Based on the chart shared by CrediBULL Crypto, PEPE could rise to $0.00001382 as it takes in the untapped liquidity that the analyst discussed.
Meanwhile, CrediBULL Crypto predicts that the meme coin could drop to $0.00000570 if it achieves “move down furtherThe analyst expects a further upside rally. However, a recovery in the Bitcoin market and the broader cryptocurrency market could invalidate this bearish setup from the analyst.
What’s next for Ethereum and XRP?
CrediBULL Crypto predicts that Ethereum price may drop below $2800 Soon enough. He made this prediction while revealing that he had cut his short positions in anticipation of a sudden rebound that ultimately did not happen. He revealed that he would not be looking to reopen any short positions on Ethereum at its current price range as such a sudden rebound could still happen at these levels.
If this positive bounce happens, CrediBULL Crypto stated that it will look to reopen its short position. Meanwhile, the analyst remains My Ethereum Up In the long run. He revealed that he hopes that the price of Ethereum will drop to new lows as this will give him another chance to reload. CrediBULL Crypto had It was predicted in advance. Ethereum price will rise to $20,000 this year Market cycle.
For XRP, CrediBULL Crypto mentioned He noted that his previous analysis of XRP still stands, and nothing has changed. In his previous analysis, he stated that XRP is still in a volatile environment and noted that he is not looking to trade the cryptocurrency at the moment. However, he added that he would be interested in potentially trading if XRP drops to $0.50 or even $0.39.
CrediBULL Crypto suggested that XRP could still drop to such low levels, noting that Cryptocurrency symbol The stock has seen a rally, taking it above local highs, which he claimed he expected before pulling back into the green, which he highlighted on the charts.
Featured image created using Dall.E, chart from Tradingview.com