Analyst Predicts Imminent New All-Time Highs for XRP, Says Second-Largest Altcoin’s Chart Looks ‘Disgustingly Good’

Analyst Predicts New Record Prices for XRP, Bullish Momentum Expected

An analyst well-known for accurate altcoin predictions has set his sights on the payments altcoin XRP (XRP), suggesting that new record-level prices could be on the horizon.

Pentoshi, a pseudonymous analyst with a significant following on the social media platform X, recently shared his insights with his 870,600 followers, indicating that XRP’s chart is showing bullish signals that could lead to new all-time highs in the coming weeks.

Despite his optimistic outlook, Pentoshi believes that XRP may first need to “take a breather” before embarking on its next upward trajectory.

“XRP:

This is probably going to do price discovery in the next two weeks as well, in my opinion…

XRP looks disgustingly good even on the BTC pair, to be honest…

Also, one with quite a few tailwinds and held up very well for the past several months.”

Discussing potential catalysts for XRP’s upward movement, Pentoshi highlighted Ripple’s efforts to secure a banking license and the anticipated regulation of stablecoins as factors that could benefit the altcoin in the near future.

Shifting his focus to the broader altcoin market, Pentoshi also noted a possible rotation from large-cap coins to mid-cap coins, suggesting that mid-cap coins may offer promising opportunities for investors.

“Mostly been in large caps.

So far, they’ve done very, very well.

Will probably look out for a few mid-caps for [this] week. (Have not looked at those in a while).

A lot of the charts structurally look great, and I hope we can get a good few weeks out of it and then go from there.”

Mid-cap altcoins are defined as crypto assets with a market capitalization ranging from $1 billion to $10 billion.

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