altcoin XRPOn the 12-hour chart of , the SuperTrend indicator gave a bullish signal again. This signal is notable for having previously triggered a huge rally of 470 percent. Analyst Ali Martinezannounced the important development by saying, “We see that the indicator points to an increase again.”
Tips for Ascending from 12-Hour Indicator to 4-Hour Indicator
The total market cap of XRP has already reached an impressive $140.3 billion. The market value in question may increase further if the upward trend continues. XRP, which has risen by 18.31 percent in the last week, has already taken the first steps of the rise.
Also, Martinez on the 4-hour chart TD Sequential He also pointed out the breakout signal. This signal is often known in technical analysis for predicting significant price movements. Confirmation of this signal for XRP could create a new momentum in price movements.
Difference of Opinion Among Analysts Remarks
Cryptocurrency analysts offer different views on the future of XRP. cryptocurrency expert Captain FaibikHe stated that XRP has formed a bullish flag formation on the daily chart and if this formation is confirmed, the price may rise by 50 percent. A similar comment MikybullCryptoIt came from.
On the other hand, the trader known with more than 40 years of experience Peter Brandtstated that these formations generally need to be completed in six weeks, and delays reduce reliability.
Brandt warned, “If this flag formation in XRP does not take action soon, it may turn into a different structure.” However, if the expected breakdown occurs altcoinHe added that ‘s market value could reach 500 billion dollars.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
