A prominent cryptocurrency analyst says the native token of the XRP Ledger (XRPL) is set to see an uptrend.
Cryptocurrency trader Ali Martinez told his 68,700 followers on social media platform X that XRP needs to break $0.90.
“XRP has been consolidating in a symmetrical triangle for 6 years! A bullish breakout could occur if XRP breaks $0.90.”
At the time of writing, XRP is valued at $0.587, down 10% in the last 24 hours but up 22% in the last 30 days.
Looking at blockchain oracle Chainlink (LINK), Martinez turns to a technical analysis tool used to predict potential trend reversals in the cryptocurrency markets. Analyzing LINK’s TD Sequential, Martinez says the blockchain oracle is on the verge of a bull run.
“TD Sequential Shows Buy Signal on Chainlink 4-Hour Chart, Anticipates LINK Rebound!”
LINK is currently trading at $12.50, down 5% from the previous day.
Last week, Martinez predicted that Solana (SOL) could return over 400% based on historical precedent.
“Solana is very similar to July 2021. $1,000 SOL is coming soon!”
He also noted that Bitcoin (BTC)’s Relative Strength Index (RSI) was showing bullish activity at the time. The RSI is a momentum oscillator used to analyze whether an asset is overbought or oversold.
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