A prominent analyst says XRP is preparing for a 50% rally, calling for a low for two low cap altcoins.

Nicknamed the Credible, the cryptocurrency analyst told its 249,100 followers that XRP has rebounded into a key price zone and is now ready to rebound to new highs.

“XRP has entered the critical support area of ​​$ 0.9. This is a great bullish signal. So I think XRP can go as high as $ 1.35 and more. “

XRP / USDT 4-hour chart | The source: Credible / Twitter

Credible also refers to a tweet he posted in September outlining XRP’s path from a low of $ 0.90 to a high of $ 1.70.

“Test the daily lows again. That could be the next step. “

XRP / USDT daily chart | Source: Credible / Twitter

If XRP follows Credible’s scenario, the altcoin offers more than 55% potential gain from its current price of $ 1.09.

As for his long-term price target for the sixth largest cryptocurrency, he believes XRP will soar to the $ 20-30 region during this bull cycle.

The analyst also looks at Hedera Hashgraph (HBAR), a public network for peer-to-peer payments. According to Credible, he believes the HBAR will bottom out at $ 0.35.

“Bounce from this level is a very important key on the low time frame. I think HBAR has bottomed out. “

HBAR / USDT 4-hour chart | The source: Credible / Twitter

Another coin on a trader’s radar is Convex Finance (CVX), the native token of the DeFi Convex protocol. Credible predicts CVX will attract new buyers at around $ 12 before climbing to $ 16.

“That is my expectation. CVX “.

CVX / USDT 4-hour chart | The source: Credible / Twitter

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