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