Key Points:
- XRP has broken over a high volume node range while still remaining above its typical true range of $0.422
- The crypto expert thinks that SYN will surge by much to 115% after breaking through resistance at $0.70.
A well-followed crypto expert says payments network XRP is expected to climb, but Bitcoin (BTC) and one under-the-radar cryptocurrency have more upside potential.
Cantering Clark, a pseudonymous expert, said that it’s “nearly time” for XRP to explode to the upside.
According to the analyst’s chart, XRP has broken over a high volume node range while still remaining above its typical true range of $0.422. Meanwhile, Coincu reported 4 days ago that Ripple’s [XRP] market value surpassed $20 billion for the first time since the FTX epidemic hit the market more than two months ago.
At the time of writing, XRP is trading at $0.426, representing a fractional rise for the day.
In terms of Bitcoin, the crypto expert believes that the king cryptocurrency is not yet finished surging. Additionally, market intelligence firm Glassnode indicated that Bitcoin (BTC) may soon encounter sell-side pressure from short-term holders (STHs) anxious to capitalize on the king cryptocurrency’s current price increase.
The crypto strategist is also interested in Synapse (SYN), a technology that enables the secure and efficient transfer of digital assets between blockchains.
Coincu reported in late November last year that Synapse was hosting a stableswap pool for all of the connected chains, users can seamlessly bridge stablecoins into Canto. The native stablecoin within the Canto ecosystem, NOTE, is given to users who bridge into Canto and is used throughout their native DeFi apps.
Cantering Clark thinks that SYN will surge by much to 115% after breaking through resistance at $0.70.
According to Clark, SYN looks like it is about to rip. Sitting at support, and currently, no perps are listed on exchanges yet.
At the time of writing, SYN is trading at $0.834, up roughly 11% over the past 24 hours.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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