A crypto analyst is predicting huge price increases for XRP, a cryptocurrency used for payments. They believe XRP is undervalued after a recent breakout.
XRP’s Bullish Future?
Ali Martinez, a popular crypto analyst with a large following on X (formerly Twitter), forecasts significant gains for XRP. He suggests XRP could see price increases of at least 245% from its current price before the next bull market ends. Martinez uses Fibonacci extension levels, a common trading tool, to support his prediction. He points to XRP breaking through a long-term resistance level as a key indicator. His price targets range from a conservative $8.40 to an optimistic $48.12. He also highlights three consecutive bullish patterns on XRP’s chart, further strengthening his bullish outlook. He even suggests buying the dip if the price dips to $2.25, aiming for a target of $4.40.
Other Crypto Predictions
Martinez isn’t just focused on XRP. He also shared insights on Pepe (PEPE) and Ethereum (ETH). He noted that large PEPE investors (“whales”) significantly increased their holdings recently, adding to the excitement around the meme coin.
Regarding Ethereum (ETH), Martinez believes ETH could hit new all-time highs as long as it holds above a key support level around $3,560. He uses the IOMAP metric to identify support and resistance levels, and sees only minor resistance around $4,540.
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