Ali Martinez, one of the well-known crypto analysts predicts a potential rally for XRP.
Martinez suggests that XRP needs to break $0.9 to trigger a bullish breakout. At the time of writing, XRP is valued at $0.587, down 5.6% in the last 24 hours but reflecting a 19% gain in the last month.
$XRP has been consolidating within a symmetrical triangle for 6 years! A bullish breakout could occur if #XRP surpasses $0.90. pic.twitter.com/YzW3jDuvF9
— Ali (@ali_charts) July 30, 2024
The analyst also argues that XRP has been consolidating within a symmetrical triangle for six years, indicating that exceeding $0.90 could lead to significant gains.
Commenting on Chainlink (LINK), Martinez uses TD Sequential, a technical analysis tool, to forecast an uptrend. He noted a buy signal on LINK’s four-hour chart, suggesting a recovery is imminent.
Ripple Chairman Chris Larsen has recently moved 20 million XRP as part of a larger shuffle involving 50 million tokens.
Crypto-focused travel booking platform Travala has announced its integration with Solana, the fourth-largest blockchain by market cap, marking its third network addition after Ethereum and BNB Chain. CEO Juan Otero revealed this development during a panel at Solana Breakpoint in Singapore.
Crypto analyst Ali Martinez has indicated that an altseason may be imminent, a phase where alternative cryptocurrencies outperform Bitcoin.
The Pyth Network has introduced Oracle Integrity Staking (OIS), a feature designed to enhance accountability among data sources by implementing staking rewards and penalties.