Ethereum

Trader Says XRP Will Be Off to the Races Once Major Resistance Level Is Overcome – Here’s His Price Target

Published

11 months ago

December 19, 2024

DCS Team

Credit : dailyhodl.com

Analyst and dealer Ali Martinez is leaning bullishly on the third-largest crypto asset by market cap, XRP.

Martinez tells its 100,500 followers on the social media platform

“XRP has been consolidating on this bull flag for some time now, however as soon as it clears the USD 2.60 resistance, I believe it is off to the races in the direction of USD 4!”

XRP is buying and selling at $2.55 on the time of writing.

The subsequent step is Bitcoin (BTC). According to In accordance with Martinez, long-term holders of Bitcoin are decreasing their positions, a phenomenon that coincided with a market high over the past two BTC cycles.

“Lengthy-term Bitcoin holders typically promote close to the market high. Curiously, in 2017 and 2021, the largest sell-off occurred simply earlier than the ultimate stage.

May we be on the verge of an analogous sample? Is that this the beginning of a market high?”

Bitcoin is buying and selling at $104,919 on the time of writing.

The subsequent step is Ethereum (ETH). The crypto dealer and analyst say that Ethereum could possibly be on the verge of an enormous rally.

“Prior to now two bull cycles, Ethereum went parabolic as long-term holders shifted into greed mode. Proper now they’re simply to start with levels of the religion part. The massive step should lie forward!”

Ethereum is buying and selling at $3,866 on the time of writing.

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