Prominent cryptocurrency analyst Credible Crypto has made a striking evaluation regarding the Ethereum
$1,637-based decentralized finance (DeFi) protocol Curve DAO (CRV). According to the analyst, shared via the social media platform X, CRV has the potential to quadruple its price from current levels. His comparison with the performance of XRP has stirred a new wave of anticipation among market participants, highlighting the significance of resistance levels in the cryptocurrency market.
XRP’s Path May Inspire CRV
Credible Crypto asserts that CRV coin is currently at an attractive price point. He emphasizes that breaking through the technical thresholds between $0.60 and $0.80 could significantly open up avenues for the altcoin. Should these levels be surpassed, the analyst anticipates CRV could move towards the $2 to $3 range, using XRP’s past performance as a supporting example for this claim.
Altcoin CRV with XRP Scenario
Credible Crypto recalls how XRP surged from $0.50 to above $3 last year, a scenario deemed impossible by many. He notes that similar doubts are being raised about CRV, stating that those who have not closely examined the protocol are overlooking its potential. This commentary, supported by technical analysis, is particularly noteworthy for investors seeking short-term opportunities.
As of the article’s preparation, CRV coin trades at approximately $0.598. Should the altcoin reach the upper levels predicted by the analyst, this would represent an increase of over 400% in its price.
Focus Shifts to Bitcoin and XRP Coin
In addition to CRV, Credible Crypto also drew attention to the overall market outlook. He emphasized the critical range of $78,000 to $80,000 for Bitcoin
$84,602, stating that maintaining this range is crucial for the continuation of the bullish trend. Furthermore, he warned that if Bitcoin falls below this range, it may indicate a general weakening in the market.
The analyst believes that XRP also shows positive signals from a technical perspective. Credible Crypto highlighted that a strong upward movement could occur if the breakout level around $2.20 is surpassed. Such technical thresholds continue to play a decisive role in investor decisions.
According to the latest market data, XRP is trading at around $2, while Bitcoin is finding buyers at the level of $83,208.
