Shiba Inu is poised to reclaim all-time highs, according to a crypto analyst, and a major rally for XRP is on the way.

A well-known crypto analyst and trader expects an epic surge for XRP, claiming that meme coin Shiba Inu (SHIB) is ready to reach an all-time high.

Analyst Scott Melker tells his 110,000 YouTube followers in a new strategy session that Shiba Inu appears bullish after breaking over a diagonal resistance that has kept the Dogecoin (DOGE) rival negative in recent weeks.

“I bought it because it’s breaking out on the chart and I think it can go back to the highs… This thing has a ton of volume. We’re seeing this four-hour candle is the biggest in a few days, breaking out. I love that. My target’s up here ($0.000089).”

SHIB is currently trading at $0.000053 at the time of writing.

The crypto expert is also keeping an eye on XRP, an open-source digital currency that has taken off its diagonal resistance and retested it as support, according to him.

According to Melker’s chart, XRP is poised to rise to $1.96, representing a possible gain of almost 64% from its current $1.19 price.

Melker believes that Bitcoin is negative because the relative strength indicator (RSI), which measures an asset’s momentum, is showing symptoms of weakening.

“It looks like it’s kind of toppy here. We’ve got bearish divergence right. Bearish divergence on the daily [chart]. That usually plays out, especially when it’s coming out of overbought.”