Analyst: XRP sends bullish signals and may usher in a new round of gains

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Crypto strategist Ali Martinez recently pointed out that XRP is sending the same bullish signals that triggered a 470% rise at the end of last year. He observed through the SuperTrend indicator that XRP's price trend may be about to usher in a new rise.

Bullish signal for XRP

According to Martinez's analysis, when the SuperTrend indicator turned bullish on the 12-hour chart, XRP had risen 470% in a short period of time. Currently, XRP's SuperTrend indicator is showing a bullish signal again, which may indicate the arrival of a new round of gains. At the time of writing, XRP is trading at $2.28.

Cardano's rebound opportunity

Martinez also pointed out that Cardano (ADA) is breaking out of the bull pennant pattern, and the technical graphics show that it may rebound sharply. He predicts that ADA's target price is $3. Currently, ADA is trading at $0.99.

Opportunities for reverse investment in Dogecoin (DOGE)

In the field of memecoins, Dogecoin (DOGE) has also attracted attention. Martinez mentioned that whale investors recently bought 140 million Dogecoins in 24 hours. Despite the bearish market sentiment, DOGE's social sentiment index is -0.60, indicating that the public is still pessimistic about its upside potential. Martinez believes that this may be a good time for reverse investment. Currently, DOGE is trading at $0.35.

Summary

Currently, XRP, ADA, and DOGE are all showing strong market movements. XRP may usher in a new round of gains, and ADA's sharp rebound after breaking through the technical pattern is also worth paying attention to. Although DOGE faces bearish sentiment, active purchases by large investors may suggest opportunities for reverse investment.

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