TRON and Ripple are “two best-looking charts in crypto,” says popular analyst and predicts further growth

Famous crypto analyst Kaleo said that TRON (TRX) and Ripple (XRP) tokens are currently two of the best-looking charts in crypto. His assumptions are based on the research of the charts of these cryptocurrencies. According to the expert, the coin price will grow and a leap in the value of TRON and XRP should occur as early as this week before the release of economic data. 

What can happen? 

In a tweet, Kaleo explained that the relative strength of TRX to BTC is “crazier than ever.” That’s why this pennant (a trend confirmation pattern on a price chart that indicates potential entry and exit points due to asset price movements) is expected.

$TRX / $BTC relative strength right now is insane.

Expecting at least one significant leg higher out of this pennant. pic.twitter.com/IeN3SLKYBe

— K A L E O (@CryptoKaleo) October 10, 2022

At the time of writing, TRX is trading at $0.062, up 1.45% over the past 24 hours amid a broader downturn in the crypto market. By comparison, the token’s all-time high in 2018 was $0.30.

For its part, XRP is trading at $0.488 per coin, up about 0.92 percent in the last 24 hours. The token has a historical high of $3.8. XRP reportedly surged in early October 2022 after the U.S. Securities and Exchange Commission (SEC) sued Ripple, accusing the company of selling unregistered securities while issuing $1.3M worth of its tokens. Ripple maintains that XRP is a security.

XRP’s possible rise was also predicted by Twitter user CryptoBullXRP. According to him, the token took 946 days from bottom to first explosive movement in 2017. It’s been 944 days since then, and if history repeats itself, the next three months (October, November and December) could be very profitable for XRP holders.

Steady Bitcoin 

As for Bitcoin, according to KALEO analysis, the token will continue to fluctuate between $19–20K. The only thing that could affect the exit from the specified limits is the publication of the U.S. Consumer Price Index (CPI) that releases the 13th of October, which could shake up the market.

“While that doesn’t guarantee a lack of volatility in the interim, it has signaled a fairly reliable pivot each month for market momentum this past year,” — the expert said. 

He also added that the historical high of CPI came in November 2021. BTC was worth $69K then, but the coin has only been in a downtrend since then. In June, Bitcoin fell to $17.8K for the first time. Many thought the bottom was reached, but the coin has been trading around the described $19–20K. However, others are sure the token’s value will fall even more, and how low, is unknown.