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May 22, 2024
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Top Analyst Lays Out Targets For Altcoins Like XRP, LINK and SOL

The post Top Analyst Lays Out Targets For Altcoins Like XRP, LINK and SOL appeared first on Coinpedia Fintech News

The crypto market continues to face harsh times. Since May, Bitcoin and altcoins appear to be on a rollercoaster ride, and market participants have experienced no relief from the pressure. However, amidst such volatility, the global crypto market cap is up by 0.64% over the last 24hrs.

XRP has joined the list of the top gainers with a surge of more than 19% in the last seven days. One of the main reasons for such a positive outcome is the favorable result of the Ripple vs SEC case. Recently, the US court rejected SEC’s plea to protect the document related to William Hinman’s speech. Hence, there are speculations that the SEC will opt to settle instead of giving access to the documents.

XRP Price Analysis 

Meanwhile, a renowned crypto analyst and trader, anonymously known as Crypto Don, believes that Ripple’s XRP is one of the most capable assets in the crypto space. He claims that if the crypto market undergoes another sell-off, he will use it as a chance to accumulate XRP.

He then says that he is willing to purchase XRP when the currency hits around $0.38 or lower, but he is aware that the asset is unlikely to slide to such low levels. 

While the strategist refers to the above chart, he claims that he wishes the candle would rise.

As the analyst talks about the Ripple vs SEC dispute, he asserts that Ripple will win the case; hence, XRP will rise amidst crypto market correction. He also says that the Bitcoin pair (XRP/BTC) is positive and has one of the best-looking charts in the crypto space at present. 

Currently, XRP is selling at $0.527, with a surge of 2.57% over the last 24hrs.

Chainlink (LINK) Price

Next, DonAlt discusses Chainlink (LINK), where he quotes that LINK is gaining traction with its ability to surpass crypto markets during bear winter. The analyst sets the target above $8 for LINK and says that though the currency might not perform above this target for now, it will at some point. 

The analyst then takes us back to 2018, 2019, and 2020, where LINK had outpaced the overall crypto market. He believes that LINK’s price action has been positive in the last few weeks, and the currency might soon have another bull run.

At the time of writing, Chainlink is trading at $7.59 after an upward movement of 0.90% over the last 24hrs.

Solana (SOL) Price

DonAlt wraps up his analysis with Solana (SOL). He claims that he plans to grab some SOL tokens during the market correction- in fact, this will be his first priority when the market dips. 

At the moment, Solana (SOL) is valued at $32.95, with a surge of 0.75% in the last 24hrs.

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