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The Daily Hodl 2025-01-09 01:00:32

XRP Flashing Bullish Signal That Previously Triggered 470% Upside Burst, According to Analyst Ali Martinez

A closely followed crypto strategist says XRP is giving off the same bullish signal it flashed late last year before triggering a parabolic surge. Analyst Ali Martinez tells his 110,100 followers on the social media platform X that XRP may be gearing up for a new leg up based on its SuperTrend indicator. The SuperTrend indicator is a technical analysis tool that aims to identify potential entry and exit points based on an asset’s trend. Says Martinez, “The last time the SuperTrend indicator flipped bullish on the 12-hour chart, XRP went up 470%… It just flipped bullish again.” Source: Ali Martinez/X At time of writing, XRP is trading for $2.28. Turning to Cardano, the trader thinks that ADA looks poised for a big rally after breaking out from a bullish continuation pattern on the daily chart. “Cardano ADA is breaking out of a bull pennant, targeting $3!” Source: Ali Martinez/X At time of writing, ADA is worth $0.99. Next up is the top memecoin Dogecoin ( DOGE ), which the trader says is being gobbled up by deep-pocketed investors. “Whales bought 140 million Dogecoin DOGE in [24 hours]!” Source: Ali Martinez/X Martinez also notes that traders are currently bearish on Dogecoin, suggesting that the meme token may be primed to go against the crowd. “Dogecoin DOGE weighted social sentiment is at -0.60, which means the crowd remains very pessimistic about its upside potential. This might be a good time to be a contrarian!” Source: Ali Martinez/X At time of writing, DOGE is trading at $0.35. 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 XRP Flashing Bullish Signal That Previously Triggered 470% Upside Burst, According to Analyst Ali Martinez appeared first on The Daily Hodl .