Crypto Trader Says One Catalyst Could Trigger XRP To Explode by 200%, Updates Outlook on Solana and Pepe
Cryptocurrency trader and analyst Ali Martinez is predicting a triple-digit rally for XRP as he offers his insight on two other altcoins.
Martinez tells his 113,700 followers on the social media platform X that XRP could skyrocket by 200% from the current level.
Citing on-chain data, the trader says that the third-largest crypto asset by market cap is currently experiencing heavy demand.
“On-chain data reveals that whales have been heavily accumulating XRP. In the last week alone, they’ve purchased over 1.10 billion XRP. This buying pressure is building momentum. XRP has broken out of a bull pennant, a classic bullish pattern. If the buying pressure continues, it could help propel XRP to $10.”
XRP is trading at $3.33 at time of writing, a few cents below the all-time high of $3.40 reached seven years ago.
Next up is Solana ( SOL ). According to the crypto trader, the Tom DeMark (TD) Sequential indicator, a tool used to identify potential points of a trend reversal, is flashing a bullish signal for Solana on the daily time frame. Martinez says Solana could rally by up to $220.
Source: Ali Martinez/XSolana is trading at $206 at time of writing.
Next up is Pepe ( PEPE ). According to Martinez, the TD Sequential indicator on the daily time frame suggests that Pepe could rally by around 17% from the current level.
“The TD Sequential presents a buy signal on the PEPE daily chart, anticipating a rebound to $0.000021!”
Source: Ali Martinez/XPepe is trading at $0.000018 at time of writing.
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inboxCheck Price Action
Follow us on X , Facebook and Telegram
Surf The Daily Hodl Mix
Generated Image: Midjourney
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
Institutions are looking for ‘1000x’ opportunities in crypto: Coinbase
Coinbase Institutional’s David Duong looked at how crypto performed in January and explains where crypto’s growing
Bitwise CIO says Bitcoin’s four-year cycle may be broken by Trump’s new crypto executive order
Sei Foundation launches $65 million DeSci venture fund 'Sapien Capital'
Sei Foundation has launched Sapien Capital, a $65 million venture fund to back DeSci startups building on its Layer 1 Sei blockchain.The foundation has fully committed the $65 million, with no external capital involved, Justin Barlow told The Block.
The Daily: Trump Media approves Truth.Fi launch and crypto investments, Robinhood teases bitcoin futures trading and more
Trump Media & Technology Group has launched a fintech venture called Truth.Fi, aiming to invest up to $250 million in bitcoin, similar cryptocurrencies or crypto-related securities, ETFs and other financial assets.Popular retail platform Robinhood teased the launch of bitcoin, ether, oil and gold futures trading on Wednesday alongside S&P 500, USD and EUR futures, facilitated by the CME Group.