bullish

PEPE

Gains

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/crypto-strategist-predicts-significant-price-gains-for-xrp/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Crypto Strategist Predicts Significant Price Gains for XRP</a><br></p>
<p style="text-align: justify">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.</p>
<h2 id="forecasts-based-on-fibonacci-analysis">Forecasts Based on Fibonacci Analysis</h2>
<p style="text-align: justify">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.”</p>
<p style="text-align: justify">He further noted that XRP has formed three consecutive bullish continuation patterns, indicating significant strength in the <a href="https://en.coin-turk.com/analyst-scofield-predicts-major-gains-for-select-altcoins/" data-wpel-link="internal" rel="noopener noreferrer nofollow">altcoin</a>. Martinez expressed that he anticipates a retest as XRP pulls back to $2.25 before moving towards the $4.40 target.</p>
<h2 id="other-cryptocurrency-analyses">Other Cryptocurrency Analyses</h2>
<p style="text-align: justify">The strategist is also keeping an eye on <a href="https://en.coin-turk.com/bad-news-for-pepe-investors-will-the-decline-increase-on-this-news/" data-wpel-link="internal" rel="noopener noreferrer nofollow">meme token</a> PEPE. He mentioned that cryptocurrency whales significantly increased their PEPE holdings over the weekend, while also stating that Ethereum (ETH) is poised to break new records. He predicts that if ETH maintains its current support levels, it could reach new all-time highs.</p>
<p style="text-align: justify">Using the IOMAP metric, Martinez identified support and resistance levels for ETH, asserting that as long as the $3,560 demand zone holds, it favors the bulls.</p>
<p style="text-align: justify">Currently, XRP is trading at around $2.25, reflecting a decline of over 2% in the last day. PEPE has increased by 2% to $0.0000263, while Ethereum is priced at $3,753.</p>
<h2 id="conclusion">Conclusion</h2>
<p style="text-align: justify">Ali Martinez’s projected price targets for XRP, PEPE, and ETH suggest continued volatility in the <a href="https://en.coin-turk.com/the-impact-of-fed-interest-decisions-on-crypto-investors/" data-wpel-link="internal" rel="noopener noreferrer nofollow">cryptocurrency market</a>. Traders may closely monitor market developments based on technical analyses.</p>
<p>The post <a href="https://en.coin-turk.com/crypto-strategist-predicts-significant-price-gains-for-xrp/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Crypto Strategist Predicts Significant Price Gains for XRP</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Crypto Strategist Predicts Significant Price Gains for XRP

Table of Contents

COINTURK NEWS

Other articles published on Dec 11, 2024

Bitget Continues Europe Expansion, Plans Regional Crypto Hub in Lithuania

XRP Lawsuit News: What Happens Next if The New Administration Drops The Appeal

Binance Rings in the Festive Season with $990K in Community Rewards

Nvidia Crypto Lawsuit Continues With Company's Failed Appeal

India preparing for a CBDC-driven economy — Central bank governor

Amazon Faces Decision on Bitcoin Investment After NCPPR Proposal

Join our free newsletter for daily crypto updates!