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Here is the Next Important Level XRP Needs to Break to Continue the Bullish Trend

02.08.2024 17:00 1 min. read Alexander Stefanov
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Here is the Next Important Level XRP Needs to Break to Continue the Bullish Trend

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.

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.

READ MORE:

XRP Showed Strength in July But Faces Uncertainty in August

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.

Alexander Stefanov
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With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.

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