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The post XRP Price Prediction For March 8 appeared first on Coinpedia Fintech News XRP has been a major player in the crypto world for years, known for connecting traditional finance with blockchain. With prices nearly 40% down from their all-time high of $3.8, many investors are wondering, is this the perfect time to add XRP? Let’s see what the XRP price prediction says. XRP Stuck In Symmetrical Pattern XRP is showing signs of a major breakout as it trades within a symmetrical triangle pattern. This means that XRP has been moving within a narrowing range, forming lower highs and higher lows. According to crypto analyst Ali Martinez, this formation suggests that XRP could soon see a 23% price movement in either direction. As of now, XRP is trading around $2.34 reflecting a drop of 7.5% seen in the last 24 hours. If XRP breaks above the triangle and records a 23% surge it could climb near to $3. However, if the price falls below support, XRP might drop to around $1.81 What Could Trigger the Breakout? Several factors could push XRP out of this consolidation phase. One key reason could be the ongoing legal battle between Ripple and the U.S. SEC. If positive news comes out from the recent close-door meeting, it might boost investor confidence and push the price higher. On the other hand, uncertainty in the case could lead to a downward move. Market conditions also play a key role. If Bitcoin and other cryptocurrencies stay strong, XRP could move upward. But if selling pressure increases, XRP might lose momentum and break downward instead. In addition to this, any advancement in the process of XRP ETF could be positive news for XRP. RSI Indicators & Resistance Level To Wach Technical indicators suggest that the Relative Strength Index (RSI) is currently at 45, showing that XRP is neither overbought nor oversold. If it moves above 60, it could signal strong buying pressure, while a drop below 40 might indicate weakness. At the same time, Bollinger Bands shows that XRP recently touched the upper band near $2.87 but faced rejection, causing the price to settle around $2.50. Now, XRP is testing a key resistance level that has influenced its price before. If it manages to rise above $2.598, which aligns with the 0.118 Fibonacci retracement level, it could break higher toward $3.05.

According to analyst Ali’s analysis on X, Cardano ($ADA) is trading within a descending triangle pattern, hinting at a possible 33% price movement. The cryptocurrency currently hovers around $0.806, experiencing a 1.47% decline in its latest session. The support level stands firm at $0.77-$0.78, while the downward resistance line continues to pressure the price lower. The price has formed lower highs, indicating weakening bullish momentum. Sellers dominate near resistance, making it difficult for the price to break above. If the price drops below the support, it could lead to further downside. Conversely, a breakout above resistance may signal a trend reversal. Earlier in the timeframe, Cardano saw a sharp 33.19% decline, losing $0.39 in value. Although the price attempted a recovery, it continuously faced rejection at the resistance line. The compression within the triangle suggests a breakout is imminent, but market direction remains uncertain. Moreover, historical data shows that descending triangles tend to break downward. Since ADA has been in a downtrend, the probability of a bearish breakout increases. However, price action near the lower boundary remains key. Buyers must defend support levels to sustain any bullish momentum. Volume data remains absent, making it challenging to confirm a potential breakout direction. While short-term action remains uncertain, historical patterns suggest a bullish breakout could lead to a rally. If Cardano holds above $0.80 and clears the $1.20 resistance, a surge toward $10 remains possible. Looking at past performance, ADA experienced a massive rally in 2020, surging 2,600.91% in 287 days. Before this move, the price corrected 56.20%, forming a base before breaking out. The current market cycle appears similar, with a prolonged accumulation phase before a potential explosive move. Should the historical pattern repeat, ADA could surge toward $15.950, representing a 1,960.47% gain over a similar 287-day timeframe. Support and resistance levels from past cycles align with the present market structure, reinforcing the likelihood of a breakout. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

The cryptocurrency market continues to experience volatility, with Stellar Lumens (XLM) and Ripple’s XRP standing out as two of the most closely watched digital assets. Both assets have shown impressive gains over the past week but are currently facing short-term pullbacks. In an X post, Ali Martinez explained that “Since November 2024, Stellar appears to be forming a bullish flag. The 600% rally seen in November created the pattern’s flagpole, and the consolidation phase we have seen since then is forming the pattern’s flag. Now, a sustained break above the $0.42 resistance could trigger a bull run to $1.60 , representing a 300% price increase.” A bullish flag is a classic technical pattern where a strong price rally (flagpole) is followed by a consolidation phase (flag), before another potential surge. If XLM breaks past $0.42, traders could see a significant upside in the coming weeks. Over the past week, XLM has seen a 14.26% increase, but it has dropped 2.36% in the past 24 hours. Meanwhile, XRP has shown mixed signals, increasing 24.71% in the past week but dropping 3.06% in the last 24 hours to trade at $2.54. While XRP’s price action remains volatile, Martinez also pointed out that the TD Sequential indicator is flashing multiple sell signals on XRP’s two-week chart, suggesting a potential momentum shift. This could indicate a pullback or consolidation before the next major move. The TD Sequential indicator is flashing multiple sell signals on the $XRP two-week chart, suggesting a potential shift in momentum! pic.twitter.com/SiyV454FIY — Ali (@ali_charts) March 7, 2025 However, despite these bearish signals, XRP whales have been aggressively accumulating. The analyst reported that whales bought over 90 million $XRP in the last 72 hours. This whale activity suggests that institutional and high-net-worth investors are still betting on XRP’s long-term potential, even amid short-term price fluctuations. In the broader crypto market, Bitcoin (BTC) has also been in the spotlight, with recent price action drawing significant attention. Analyst Ali highlighted strong buy-side interest from whales after BTC dipped below $88,000 on February 24. Since then, Bitcoin has rebounded, currently trading at $89,077 after gaining 10.80% in the past week. Martinez noted that whales have accumulated over 20,000 BTC since the dip, signaling confidence in the asset at these levels. Historical data further suggests that BTC may be approaching a trend reversal. The trader loss margin, a key indicator, has historically triggered a Bitcoin rebound when it reaches -12 %. At present, it sits at -15.4 %, which could indicate that BTC is primed for a strong comeback. Another bullish factor supporting Bitcoin’s outlook is the declining exchange supply as investors move their BTC into long-term storage. Martinez pointed out that over the past two weeks, more than 25,000 BTC have been withdrawn from exchanges. This shows that both traders and institutions are holding onto their BTC in anticipation of a price increase, reducing the available supply on exchanges and potentially driving prices higher. Recent developments on the regulatory front have further influenced crypto dynamics, adding to the market’s momentum. U.S. President Donald Trump recently announced the formation of a new strategic reserve of cryptocurrencies, including Bitcoin, Ethereum (ETH), Ripple, Solana (SOL), and Cardano (ADA).

Whales purchase over 30K $BTC in two weeks Crypto analyst and trader Ali Martinez pointed out on X that whales have bought more than 30,000 BTC over the past two weeks.

The post Solana Adoption at ATH, Will Price Follow or Keep Dropping? appeared first on Coinpedia Fintech News Despite ongoing market uncertainty, Solana (SOL), the world’s fifth-largest cryptocurrency by market cap, is gaining significant attention from the crypto community. Recently, a prominent crypto expert posted on X (formerly Twitter) that the total number of Solana addresses has reached a new all-time high of 2.07 billion. Solana’s Record Adoption A high number of addresses doesn’t necessarily mean high daily transactions or engagement. This substantial rise in Solana addresses shows how the community is adopting Solana-based dApps, NFTs, and DeFi projects. However, many addresses could be created by bots or airdrop farming rather than real users. The total number of #Solana $SOL addresses has hit a new all-time high of 2.07 billion! pic.twitter.com/1WSu8eKstk — Ali (@ali_charts) March 6, 2025 Current Price Momentum Despite rapid adoption, the price of SOL remains in a downtrend due to market uncertainty. The asset is currently trading near $141 and has experienced a 5% price drop in the past 24 hours. During the same period, its trading volume jumped by 15%, indicating heightened participation from traders and investors compared to the previous day. However, the inclusion of SOL in the Crypto Strategic Reserve might be a key reason behind the growing attention from traders and investors. Additionally, Solana’s superior blockchain technology is another factor driving its rapid adoption. Solana (SOL) Price Action and Upcoming Levels According to expert technical analysis, SOL is still in a downtrend and struggling to recover due to current market conditions. It is currently trading below the 200 Exponential Moving Average (EMA) on the daily timeframe. Despite the downturn, the asset is near a crucial support level of $130 and appears to be consolidating within a tight range. Source: Trading View Based on recent price action and historical patterns, if SOL begins to rally and closes a daily candle above the $150 level, it could surge by 22% to reach $185 in the coming days. In addition to all this, investors and long-term holders are actively accumulating the token, as reported by the on-chain analytics firm Coinglass. Data from spot inflow/outflow reveals that exchanges have witnessed an outflow of over $42 million worth of SOL tokens in the past 24 hours. Source: Coinglass This substantial outflow suggests potential accumulation, which could create buying pressure and fuel a further upside rally.