Cryptocurrency trader and analyst Ali Martinez predicts that XRP could soar by 200%, similar to his insights on two other altcoins.
Martinez informed his 113,700 followers on the social media platform X that XRP may experience a significant surge from its current level. The trader cited on-chain data indicating that the third-largest crypto asset by market capitalization is currently facing immense demand.
“On-chain data shows that whales have been accumulating XRP in large quantities. In just the past week, they purchased over 1.1 billion XRP. This buying pressure is building momentum. XRP has broken out of a bull flag, which is a classic bullish pattern. If the buying pressure continues, it could help push XRP to $10.”
At the time of writing, XRP was trading at $3.33, just a few cents below its historical peak of $3.40 reached seven years ago.
Next is Solana (SOL). According to the TD Sequential indicator, a tool used by cryptocurrency traders to identify potential trend reversal points, it has issued a bullish signal for Solana on a daily time frame. Martinez stated that Solana could rise as high as $220.
Source: Ali Martinez/X
At the time of writing, Solana was trading at $206.
Next is Pepe (PEPE). According to Martinez, the TD Sequential indicator on the daily time frame suggests that Pepe could increase by approximately 17% from its current level.
“TD Sequential shows a buy signal on the PEPE daily chart, with an anticipated rebound to $0.000021!”
Source: Ali Martinez/X
At the time of writing, Pepe was trading at $0.000018.
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Generated image: Midjourney