Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
XRP Flashing Bullish Signal That Previously Triggered 470% Upside Burst, According to Analyst Ali Martinez

XRP Flashing Bullish Signal That Previously Triggered 470% Upside Burst, According to Analyst Ali Martinez

CryptoNewsNetCryptoNewsNet2025/01/09 02:55
By:dailyhodl.com

A closely followed crypto strategist says XRP is giving off the same bullish signal it flashed late last year before triggering a parabolic surge.

Analyst Ali Martinez tells his 110,100 followers on the social media platform X that XRP may be gearing up for a new leg up based on its SuperTrend indicator.

The SuperTrend indicator is a technical analysis tool that aims to identify potential entry and exit points based on an asset’s trend.

Says Martinez,

“The last time the SuperTrend indicator flipped bullish on the 12-hour chart, XRP went up 470%… It just flipped bullish again.”

XRP Flashing Bullish Signal That Previously Triggered 470% Upside Burst, According to Analyst Ali Martinez image 0
Source: Ali Martinez/X

At time of writing, XRP is trading for $2.28.

Turning to Cardano, the trader thinks that ADA looks poised for a big rally after breaking out from a bullish continuation pattern on the daily chart.

“Cardano ADA is breaking out of a bull pennant, targeting $3!”

XRP Flashing Bullish Signal That Previously Triggered 470% Upside Burst, According to Analyst Ali Martinez image 1
Source: Ali Martinez/X

At time of writing, ADA is worth $0.99.

Next up is the top memecoin Dogecoin (DOGE), which the trader says is being gobbled up by deep-pocketed investors.

“Whales bought 140 million Dogecoin DOGE in [24 hours]!”

XRP Flashing Bullish Signal That Previously Triggered 470% Upside Burst, According to Analyst Ali Martinez image 2
Source: Ali Martinez/X

Martinez also notes that traders are currently bearish on Dogecoin, suggesting that the meme token may be primed to go against the crowd.

“Dogecoin DOGE weighted social sentiment is at -0.60, which means the crowd remains very pessimistic about its upside potential. This might be a good time to be a contrarian!”

XRP Flashing Bullish Signal That Previously Triggered 470% Upside Burst, According to Analyst Ali Martinez image 3
Source: Ali Martinez/X

At time of writing, DOGE is trading at $0.35.

Generated Image: Midjourney

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!