Analyst Claims This Level Needs to Be Breached for $4 in XRP! “Correction Will Come First”
Cryptocurrency analyst Ali Martinez shared the level required for a significant breakthrough in the XRP price in his statement.
Well-known cryptocurrency analyst Ali Martinez shared his latest thoughts on XRP and Cardano in his statement.
According to Ali Martinez, the XRP price could be forming a bull flag formation. However, the analyst said that the coin’s TD Sequential indicator recently gave a bearish signal on its 4-hour chart, which is why he thinks a brief correction could be coming before the XRP price breaks above $2.46.
At the time of writing, the XRP price is trading at $2.39. The coin climbed to $2.84 during its massive bull rally days ago. However, XRP’s all-time high price record is $3.34.
According to the analyst, after this correction, the XRP price may climb up to $4.
In addition, the analyst, who made a statement about Cardano (ADA), reported that ADA whales bought more than 80 million coins in the last 48 hours.
ADA, which is trading at $1.13 at the time of writing, reached an all-time high price of $3.1 3 years ago.
*This is not investment advice.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Floki Launches Physical Debit Card Across Europe
AVAUSDT now launched for futures trading and trading bots
Bitget has launched AVAUSDT for futures trading with a maximum leverage of 75, along with support for futures trading bots, on December 13, 2024 (UTC+8). Welcome to try futures trading via our official website (www.bitget.com) or Bitget APP. AVAUSDT-M perpetual futures: Parameters Details Listing t
Starboard Value takes stake in Riot Platforms, eyes AI shift
Interest groups call on US Senate to confirm Caroline Crenshaw to SEC