Ripple’s local token XRP Coin attracted attention with its strong exit this year. However, it has recently been consolidated in parallel to the general market. However, an experienced crypto analyst says it is about to change.
Ali Martinez has detected the ‘Buy’ signal for XRP Coin!
Analyst Ali Martinez recently said that the latest rally would be short -lived due to XRP’s performance. However, the analyst soon shared that a TD Sequental, which was used in the hourly graph, showed that the correction may have already ended. For this reason, the analyst said that XRP now gives a purchase signal.
TD Sequential XRP price graph showing the purchase signal. Source: Ali MartinezTD Sequental analyzes the past performance of an asset to determine the power of a trend and to measure whether the reverse turning is close. The vehicle mostly gave the right signals in mid -February about XRP Coin. For example, both February 18 and 20 February, sales signals were correct. One caused the price to fall from approximately $ 2,61 to $ 2.52 and the other to fall from $ 2.71 to $ 2.65.
Ali Martinez does not say anything exactly about how big the expected upward movement can be. However, the support and resistance levels of the XRP on February 21, show that the token will probably stop around $ 2.74 and end the rally before reaching $ 2.81. Considering the possible resistance levels and the size of the last moves, the XRP is likely to rise from $ 2.67 to $ 2.81.
Will the XRP bull cycle be flared up again in 2025?
On the other hand, it seems a little more difficult to determine the possible long -term performance of XRP in 2025. Following the re -election of Donald Trump, Token’s rise created a significant excitement and made the crypto currency exceed $ 3.30. As of February 21, a large part of this excitement has evaporated from the market, as it was proved by the increasingly narrowed interval of the XRP and the relatively small movements in the last operations.
However, many trades and analysts continue to foresee strong long -term performance. For example, Ali Martinez predicted that XRP could rise up to $ 48 in the relatively close future, while Token’s in late 2024 points out of a perennial symmetrical triangle.
