XRP Poised for New Highs, While Solana Ecosystem Shows Strong AI Token Growth

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Cryptodnes2024/12/06 23:55

By:Cryptodnes

A well-known crypto analyst is optimistic about the prospects of XRP, which recently surged over fivefold in just a month.

Altcoin Sherpa believes XRP might be on the verge of reaching new all-time highs against the US dollar.

Currently priced at $2.65, XRP remains about 23% shy of its previous all-time peak of $3.40. Since early November, the asset has experienced a remarkable 434% gain.

Sherpa notes that the XRP/Bitcoin pair presents a stronger risk-to-reward ratio, as it currently sits below a resistance level that has been in place since May 2021. XRP/BTC is approximately 88% below its all-time high of 0.0002247 BTC.’

Standard Chartered Predicts Bitcoin Could Reach $200,000 by the End of 2025

Shifting focus to the Solana (SOL) network, Sherpa expresses confidence in the future growth of AI-based crypto assets within the ecosystem. He believes the combination of speculation and technological innovation makes Solana a top platform for AI-related tokens.

Some of his favorites include Goatseus Maximus ( GOAT ), The AI Prophecy ( ACT ), and Zerebro (ZEREBRO), all of which have seen impressive gains recently.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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