The Daily Hodl
2025-01-17 10:15:21

Crypto Trader Says One Catalyst Could Trigger XRP To Explode by 200%, Updates Outlook on Solana and Pepe

Cryptocurrency trader and analyst Ali Martinez is predicting a triple-digit rally for XRP as he offers his insight on two other altcoins. Martinez tells his 113,700 followers on the social media platform X that XRP could skyrocket by 200% from the current level. Citing on-chain data, the trader says that the third-largest crypto asset by market cap is currently experiencing heavy demand. “On-chain data reveals that whales have been heavily accumulating XRP. In the last week alone, they’ve purchased over 1.10 billion XRP. This buying pressure is building momentum. XRP has broken out of a bull pennant, a classic bullish pattern. If the buying pressure continues, it could help propel XRP to $10.” XRP is trading at $3.33 at time of writing, a few cents below the all-time high of $3.40 reached seven years ago. Next up is Solana ( SOL ). According to the crypto trader, the Tom DeMark (TD) Sequential indicator, a tool used to identify potential points of a trend reversal, is flashing a bullish signal for Solana on the daily time frame. Martinez says Solana could rally by up to $220. Source: Ali Martinez/X Solana is trading at $206 at time of writing. Next up is Pepe ( PEPE ). According to Martinez, the TD Sequential indicator on the daily time frame suggests that Pepe could rally by around 17% from the current level. “The TD Sequential presents a buy signal on the PEPE daily chart, anticipating a rebound to $0.000021!” Source: Ali Martinez/X Pepe is trading at $0.000018 at time of writing. 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 Crypto Trader Says One Catalyst Could Trigger XRP To Explode by 200%, Updates Outlook on Solana and Pepe appeared first on The Daily Hodl .

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.