Top Analyst Says XRP Has One of the Best-Looking Charts in Crypto, Updates Outlook on Chainlink and Solana
A closely followed analyst known for making timely Bitcoin (BTC) and altcoin calls says XRP is one of the strongest assets in the crypto markets.
In a new strategy session, the pseudonymous analyst known in the industry as DonAlt says he is ready to acquire XRP in case the crypto markets witness another sell-off event.
“If I get a crash on Bitcoin, the only coin I want to buy is XRP.”
According to DonAlt, he wants to collect XRP around $0.38 or lower, but says there’s a “good chance” he won’t get it.
“I feel like I’m just looking at this chart [and] this will up.”
The popular crypto strategist also says his bullish stance on XRP goes beyond the charts.
“I still think they’re going to win the case, so any kind of bottom in crypto I think will make XRP hard. I know the Bitcoin pair (XRP/BTC) looks really good too. It’s one of the best looking charts in crypto right now.”
At the time of writing, XRP is trading hands at $0.508, down over 2% on the day.
Looking at decentralized oracle network Chainlink (LINK), DonAlt says the Ethereum (ETH)-based altcoin is on his radar due to its tendency to outperform crypto markets during a bear winter.
“It’s a very interesting setup above $8. I think if we get this extinction that I’ve been talking about, obviously it won’t show this strength right now, but at some point it will. It’s been outperforming for a while now on The Bitcoin pair (LINK/BTC). So it’s an interesting chart for me to follow. It’s not necessarily something I’m going to rush to buy after [a] wipeout, but it’s one of the ones I see closest to…
If you think back in 2018, 2019, 2020, we had LINK to outperform the entire market. LINK was on the rise and I think it’s a good narrative to follow and it has outperformed in recent weeks… I think LINK can have another go.”
At the time of writing, LINK is changing hands at $7.46, down nearly 2% on the day.
As for smart contract platform Solana (SOL), DonAlt says he’s also looking to rally its Ethereum rival in the event of a market-wide correction.
“I know there are a bunch of bigger guys interested in Solana. So if they see a bottom forming in crypto as a whole, I think they’re going to jump into something like Solana first. So I’ll buy Solana if we wipe out, and then I’ll sell it relatively quickly.”
At the time of writing, SOL is valued at $32.60, flat on the day.
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Featured image: Shutterstock/Liu zishan
