Analyst Claims This Level Needs to Be Breached for $4 in XRP! “Correction Will Come First”

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Bitcoinsistemi2024/12/13 10:33

By:Mete Demiralp

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.

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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.

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