Analyst and dealer Ali Martinez is leaning bullish on the third-largest crypto asset by market cap, XRP.
Martinez tells his 100,500 followers on the social media platform X that XRP is flashing a bullish sign on the four-hour time-frame and will soar by round 57% from the present degree.
“XRP has been consolidating on this bull flag for some time, however as soon as it clears the $2.60 resistance, I feel it’s off to the races, heading towards $4!”
XRP is buying and selling at $2.55 at time of writing.
Subsequent up is Bitcoin (BTC). Based on Martinez, long-term holders of Bitcoin are decreasing their positions, a phenomenon that coincided with a market high over the last two BTC cycles.
“Lengthy-term Bitcoin holders usually promote close to market tops. Curiously, in 2017 and 2021, their greatest sell-offs occurred proper earlier than the ultimate leg up.
Might we be on the verge of the same sample? Is that this the beginning of a market high?”
Bitcoin is buying and selling at $104,919 at time of writing.
Subsequent up is Ethereum (ETH). The crypto dealer and analyst says that Ethereum may very well be on the cusp of an enormous rally.
“Previously two bull cycles, Ethereum went parabolic when long-term holders shifted into greed mode. Proper now, they’re solely within the early phases of the assumption section. The large transfer might nonetheless be forward!”
Ethereum is buying and selling at $3,866 at time of writing.
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