Cryptocurrency trader and analyst Ali Martinez is predicting a triple-digit rally for XRP as he offers his insight on two other altcoins.
Martinez tells his 113,700 followers on the social media platform X that XRP could skyrocket by 200% from the current level.
Citing on-chain data, the trader says that the third-largest crypto asset by market cap is currently experiencing heavy demand.
“On-chain data reveals that whales have been heavily accumulating XRP. In the last week alone, they’ve purchased over 1.10 billion XRP. This buying pressure is building momentum. XRP has broken out of a bull pennant, a classic bullish pattern. If the buying pressure continues, it could help propel XRP to $10.”
XRP is trading at $3.33 at time of writing, a few cents below the all-time high of $3.40 reached seven years ago.
Next up is Solana (SOL). According to the crypto trader, the Tom DeMark (TD) Sequential indicator, a tool used to identify potential points of a trend reversal, is flashing a bullish signal for Solana on the daily time frame. Martinez says Solana could rally by up to $220.
Solana is trading at $206 at time of writing.
Next up is Pepe (PEPE). According to Martinez, the TD Sequential indicator on the daily time frame suggests that Pepe could rally by around 17% from the current level.
“The TD Sequential presents a buy signal on the PEPE daily chart, anticipating a rebound to $0.000021!”
Pepe is trading at $0.000018 at time of writing.
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
Credit: Source link
