Prices of popular cryptocurrencies Bitcoin and Ethereum fell as the global crypto market was treading in red amid escalating tension between Russia and Ukraine. Bitcoin, the largest cryptocurrency by market cap, was down by 0.53% at $41,971.02. Ethereum was down by 1.77% at $2,863.29.
While XRP was down by 3.25% at $0.792912, Solana was down by 1.98% at $93.34.
XRP and the decentralised finance (DeFi) altcoin HBAR are expected to rally, according to a popular crypto strategist, while Bitcoin (BTC) will likely take a pause.
Credible, a pseudonymous expert, tells his 308,400 Twitter followers that he anticipates XRP bouncing back to $1.00. According to analyst, It’s possible that XRP will drop a few pennies from here forming a bottom/upper low in this area and then go higher. A climb to Credible’s $1.00 aim would be a gain of more than 20% over the current price of XRP. Right now, the resistance on the upside is at $1 and the support is at $0.75
Hedera Hashgraph (HBAR)
Hedera Hashgraph (HBAR), a public network for peer-to-peer payments, is also a favourite of the crypto trader. According to Credible, HBAR Price altcoin is now witnessing a retreat has the potential to bounce off support at $0.22. As previously indicated, traders must recapture this area in order to confirm a bottom. HABR token should maintain the $0.22-$0.23 range before attempting to recapture the weekly supply.
Overall, he expects that HABR price will hit $0.26 in short-term