CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
The Daily Hodl 2024-12-19 15:30:40

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

Analyst and trader 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 signal on the four-hour time frame and could soar by around 57% from the current level. “XRP has been consolidating in this bull flag for a while, but once it clears the $2.60 resistance, I think it’s off to the races, heading toward $4!” Source: Ali Martinez/X XRP is trading at $2.55 at time of writing. Next up is Bitcoin ( BTC ). According to Martinez, long-term holders of Bitcoin are reducing their positions, a phenomenon that coincided with a market top during the last two BTC cycles. “Long-term Bitcoin holders often sell near market tops. Interestingly, in 2017 and 2021, their biggest sell-offs occurred right before the final leg up. Could we be on the verge of a similar pattern? Is this the start of a market top?” Source: Ali Martinez/X Bitcoin is trading at $104,919 at time of writing. Next up is Ethereum ( ETH ). The crypto trader and analyst says that Ethereum could be on the cusp of a massive rally. “In the past two bull cycles, Ethereum went parabolic when long-term holders shifted into greed mode. Right now, they’re only in the early stages of the belief phase. The big move could still be ahead!” Source: Ali Martinez/X Ethereum is trading at $3,866 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 The post Trader Says XRP Will Be Off to the Races Once Major Resistance Level Is Overcome – Here’s His Price Target appeared first on The Daily Hodl .

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.