A significant increase in the price of XRP is expected. Positive predictions have also been made for PEPE and ETH. The targets of crypto strategist Ali Martinez are noteworthy.
Crypto analyst Ali Martinez has predicted that XRP could see a major price increase after nearly seven years of sideways movement. Speaking to his 96,200 followers on social media platform X, he noted that XRP could gain at least 245% from current prices. Martinez said that based on Fibonacci extension levels, which traders often use to determine exit points, XRP could climb higher after breaking the diagonal resistance level that has been in place since January 2018. “XRP may seem overbought to some! However, it looks undervalued after breaking out of this major multi-year symmetrical triangle. Conservative target = $8.40, optimistic target = $48.12,” the analyst said.
Martinez noted that XRP has formed three consecutive bull flags, highlighting the altcoin’s strong performance. He expects the price of XRP to pull back to $2.25, followed by a retracement to move towards the $4.40 target.
Other Cryptocurrency Predictions
Ali Martinez is also paying close attention to the meme token PEPE. While noting that crypto whales have significantly increased their PEPE stocks, he also set a target of $3,676.6 for Ethereum (ETH) and said that ETH is ready to break new records. He predicts that if ETH maintains its current support levels, it could reach new all-time highs. Martinez used the IOMAP metric to determine support and resistance levels for Ethereum and stated that as long as the $3,560 level is maintained, it is in favor of the bulls.
Currently, XRP is trading at $2.25, down more than 2% in the last 24 hours, PEPE is up 2% at $0.0000263, and Ethereum is trading at $3,753.
Ali Martinez’s price targets for XRP, PEPE and ETH indicate that the crypto market will continue to be volatile. Investors can follow market developments based on technical analysis.