Cryptocurrency strategist Ali Martinez stated that XRP could make a significant price increase after a long period of stagnation. Martinez predicted that XRP could reach a huge gain potential of 245% during this period of uncertainty in the cryptocurrency market. In his statements on social media, he pointed out that XRP could experience a big rise from current levels.
Martinez stated that XRP’s technical analysis is based on Fibonacci extension levels. He argued that XRP could gain value quickly if the critical resistance level is broken after the downtrend that has been going on since January 2018. In addition, the analyst presented a positive bullish scenario by pointing to strong targets such as $8.40 and $48.12 for the altcoin. The squeeze formations and bull flags formed by XRP could allow the uptrend to continue.
Martinez emphasized that not only XRP but also other cryptocurrencies should be monitored carefully. He focused on his analysis, especially on meme token PEPE and leading altcoin Ethereum (ETH). Stating that PEPE has recently attracted the attention of whales, Martinez said that Ethereum has the potential to test new peaks. He mentioned that if ETH maintains its critical support levels, its upside potential could increase even further.
The IOMAP metric, an important technical indicator for Ethereum, shows that the $3,560 level is a significant support area. Martinez stated that maintaining this level could help Ethereum gain strong momentum. He also stated that it is important for PEPE and ETH investors to regularly follow market analysis.
Currently, XRP is trading at $2.25, PEPE is up 2% to $0.0000263, and Ethereum is at $3,753. These data show that despite market volatility, it offers opportunities for investors.