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PEPE Ethereum XRP

Crypto Analyst Releases Outlook For PEPE, Ethereum, And XRP, Here Are The Targets

Scott Matherson
by Scott Matherson
1 year ago
·
Posted in Altcoins
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Crypto analyst CrediBULL Crypto provided a market analysis on Pepe (PEPE), Ethereum (ETH), and XRP. Based on his analysis, PEPE could hit a new high soon enough, seeing how it has ranged since hitting a new all-time high (ATH) in May. 

A Price Rally For PEPE On The Horizon

CrediBULL Crypto mentioned in an X (formerly Twitter) post that PEPE has been holding up quite well despite the downtrend in the broader crypto market. As such, he added that he won’t be surprised if the meme coin witnesses another leg up to take some untapped liquidity before it moves along with the current bearish trend in the market. 

Related Reading: Top 4 Meme Coins Besides Shiba Inu And Dogecoin That Could Do Great In August
PEPE 1
Source: X

The analyst also revealed that he has no plans to open a long position on PEPE yet, as he will continue to watch how things develop. Based on the chart that CrediBULL Crypto shared, PEPE could rise to as high as $0.00001382 as it takes the untapped liquidity that the analyst discussed. 

Meanwhile, CrediBULL Crypto predicts that the meme coin could drop to as low as $0.00000570 if it were to make the “larger move down,” the analyst anticipates after the rally to the upside. However, a market rebound for Bitcoin and the broader crypto market could invalidate this bearish set-up from the analyst. 

What Next For Ethereum And XRP

CrediBULL Crypto predicts that Ethereum could drop below $2,800 soon enough. He made this prediction while revealing that he had cut his shorts in anticipation of a relief bounce that didn’t eventually happen. He revealed that he won’t look to reopen any short position for Ethereum at its current price range since that relief bounce could still happen at these levels. 

XRP 2
Source: X

If that relief bounce happens, CrediBULL Crypto mentioned that he would look to reopen his short position. Meanwhile, the analyst is still bullish on Ethereum in the long term. He revealed that he hopes Ethereum drops to new lows since that will give him another chance to reload. CrediBULL Crypto had previously predicted that Ethereum would rise to $20,000 in this market cycle. 

Related Reading: Dogecoin Gets A Big Boost As Ethereum Founder Reveals He Holds The Meme Coin

For XRP, CrediBULL Crypto mentioned that his previous XRP analysis still stands, and nothing has changed. In his previous analysis, he stated that XRP is still in a ranging environment and suggested that he wasn’t looking to trade the crypto token at the moment. However, he added that he would be interested in a potential trade if XRP drops to $0.50 or even as low as $0.39. 

Ethereum 3
Source: X

CrediBULL Crypto suggested that XRP could still drop to such lows, noting that the crypto token had experienced the pump, which had taken it above the local highs, something which he claimed he was expecting before a pullback to the green zone, which he highlighted on the charts.

PEPE price chart from Tradingview.com (XRP Ethereum crypto analyst)
PEPE price struggles as bears pul their weight | Source: PEPEUSDT on Tradingview.com
Featured image created with Dall.E, chart from Tradingview.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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Scott Matherson

Scott Matherson

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Scott Matherson is a leading crypto writer at Bitcoinist, who possesses a sharp analytical mind and a deep understanding of the digital currency landscape. Scott has earned a reputation for delivering thought-provoking and well-researched articles that resonate with both newcomers and seasoned crypto enthusiasts. Outside of his writing, Scott is passionate about promoting crypto literacy and often works to educate the public on the potential of blockchain.

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