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November 2, 2023

Crypto Strategist Expects XRP to Rise, Solana to Witness Pullback, and Aave's Governance Token Aims for Breakout

Liam O'Sullivan
Written byLiam O'SullivanWriter
Researched byNikos PapadopoulosResearcher

Crypto Strategist Expects XRP to Rise

A crypto strategist who accurately called the top of Bitcoin’s 2021 bull market is expecting another leg up for XRP. Pseudonymous analyst Pentoshi believes that XRP looks bullish after breaking through a key resistance level at $0.548. He suggests that a breakout above $0.548 could lead to a price range of $0.62-$0.63.

Crypto Strategist Expects XRP to Rise, Solana to Witness Pullback, and Aave's Governance Token Aims for Breakout

At the time of writing, XRP is trading at $0.59, showing a 3% increase in the last 24 hours.

Solana May Witness a Pullback

The analyst is also updating his forecast on the layer-1 protocol Solana (SOL). Pentoshi notes that the recent big rallies in SOL have caught the attention of bulls, indicating a potential pullback. Looking at the trader’s chart, he predicts that SOL will likely face resistance at $38.70. Currently, SOL is valued at $38.59.

Aave's Governance Token Aims for Breakout

Another altcoin on the analyst’s radar is the governance token of the Ethereum-based decentralized finance lending protocol Aave (AAVE). Pentoshi suggests that AAVE will experience a significant breakout rally if it manages to surpass the resistance level at $90. He states that a break above $90 could potentially push the price to a range of $112-$115. However, AAVE is currently trading below the resistance level.

In conclusion, the crypto strategist expects XRP to rise, Solana to witness a pullback, and Aave's governance token to aim for a breakout. Investors should conduct their own research and exercise caution when making investment decisions in the cryptocurrency market.

About the author
Liam O'Sullivan
Liam O'Sullivan
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Liam O'Sullivan, an Irish digital maestro, seamlessly fuses his impeccable command of English with an enthusiastic penchant for online gaming. Highly regarded for his localization expertise, Liam fine-tunes online casino guides, ensuring they resonate profoundly with the diverse English-speaking populace.

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