A prominent crypto strategist who continues to amass a large following with his savvy altcoin calls says XRP and five untapped altcoins are primed to erupt.
In a new tweet, the pseudonymous trader known as Kaleo tells his 235,800 followers that he’s buying XRP after the fourth-largest crypto asset broke out from its downtrend in the lower timeframe.
“I also went ahead and grabbed a bag of XRP on the breakout. When XRP makes this type of a move it doesn’t typically slow down until it makes a higher high. I don’t want to watch from the sidelines.”
A new higher high for XRP suggests a move above its 52-week high of 1.96, representing potential gains of at least 40% from its current value of $1.40.
Another coin on Kaleo’s list is blockchain gaming platform Enjin Coin (ENJ). According to the trader, ENJ has breached its diagonal resistance which sets the token for a surge of at least 15% from its price of $2.60.
“ENJ Similar outlook on the USD chart. Looking for a move back to $3+.”
Next up is decentralized hosting platform Holo (HOT), which the trader says is looking to resume its uptrend after a multi-week correction.
“Wanted exposure to a low sat alt in case we see something like we saw last month, so I grabbed a bag of HOT here. My guess is we see a breakout/retest, followed by several days of upward chop before it really starts to move.”
The trader is also looking at OXY, the utility token of Solana-based prime brokerage protocol Oxygen. According to Kaleo, OXY is poised to surpass its all-time high of $4.16.
“Still a huge fan of OXY here. Clean double bottom, testing range highs. Break above the green rectangle and it should be clear skies to $4.50+.”
MAPS is also on Kaleo’s list. According to the crypto analyst, the Solana-based travel and navigation platform offers a lot of upside potential from its current price of $1.83.
“MAPS feels like the forgotten about Sam coin. Another member of the Solana ecosystem that’s been solid, but still really hasn’t done too much. It broke out of a long-term range recently to new highs, retested the breakout, and looks ready for continuation higher. I am long.”
The last coin on Kaleo’s radar is Solana-based automated market maker Raydium (RAY), which the trader expects to explode now that it has shattered its resistance of $13.00. According to the trader, RAY can print gains of over 100%.
“The way the rest of the Solana ecosystem is sending, it’s only a matter of time before RAY explodes out of this accumulation range it’s been stuck into… First 15, then $30 swiftly.”
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Mike H