Crypto Strategist Predicts Significant Price Gains for XRP – BitRss

Crypto strategist Ali Martinez indicated that XRP could experience substantial price increases after approximately seven years of stagnation. In a statement to his 96,200 followers on the social media platform X, he suggested that before the end of the current bull market cycle, XRP could achieve a gain of at least 245% from its current price levels.

Forecasts Based on Fibonacci Analysis

Martinez proposed that after breaking through diagonal resistance that has kept the market bearish since January 2018, XRP could climb much higher based on Fibonacci extension levels used by traders to identify potential exit points. He commented, “XRP may appear overbought to some! To me, it looks undervalued after breaking out of this major multi-year symmetrical triangle. Conservative target = $8.40, Optimistic target = $48.12.”

He further noted that XRP has formed three consecutive bullish continuation patterns, indicating significant strength in the altcoin. Martinez expressed that he anticipates a retest as XRP pulls back to $2.25 before moving towards the $4.40 target.

Other Cryptocurrency Analyses

The strategist is also keeping an eye on meme token PEPE. He mentioned that…