Wednesday, 09 Apr 2025

XRP rival XLM could get 300%-Bitcoin forecast updated

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8 Mar 2025 18:05
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  • Ali Martinez, sought-after expert in crypto analysis, identified a positive setup at XRP competitor Stellar.
  • In contrast, Bitcoin has a hard time on the market and is again well below $ 95,000.

The cryptocurrency market is still characterized by volatility, whereby Stellar Lumens (XLM) and Ripples XRP stand out as two of the most observed digital assets. Both assets have recorded impressive profits last week, but are currently facing short -term setbacks.

In an X-Post Ali Martinez said that Stellar has to form a bullish flag since November 2024. The 600%rally in November formed the flagpole of the pattern, and the consolidation phase that we have experienced since then forms the flag of the pattern. Now a sustainable breakthrough over the resistance of $ 0.42 could trigger an upward run to $ 1.60, which corresponds to a price increase of 300 %. “

A bullish flag is a classic technical pattern in which a strong price increase (flag rod) follows a consolidation phase (flag) before another potential increase takes place. If XLM breaks through the brand of $ 0.42, retailers could experience a significant increase in the course in the coming weeks.

In the past week, XLM recorded an increase of 14.26%, but fell by 2.36%in the last 24 hours.

In the meantime, XRP has shown mixed signals and has risen by 24.71% in the last week, but has fallen by 3.06% in the last 24 hours and is now listing at $ 2.54.

While the price development of XRP Volatil remains, also martenz It is that the TD sequential indicator on the XRP’s two-week chart shows several sales signals, which indicates a potential shift in the momentum. This could indicate a withdrawal or consolidation before the next major movement.

Despite these declining signals, XRP whales have accumulated aggressively. The analyst reported that whales bought over $ 90 million XRP over the past 72 hours. This whale activity indicates that institutional and wealthy investors continue to rely on the long-term potential of XRP even in the event of short-term price fluctuations.

Bitcoin price outlook

Bitcoin (BTC) was also in the spotlight on the wider cryptomarkt, with the recent price movements attracting great attention. Analyst ali raised that Strong interest from whalesoutafter BTC had fallen under $ 88,000 on February 24th. Bitcoin has recovered since then and is currently being traded at $ 89,077 after it 10,80 % has increased. Martinez found that whales have accumulated over 20,000 BTC since the break -in, which is a sign of trust in the asset at this level.

Historical data also indicate that BTC could approach a trend reversal. The dealer’s loss of loss, a key indicator, has triggered Bitcoin recreation in the past when it reached -12 %. It is currently -15.4 %, which could indicate that BTC is equipped for a strong comeback.

Another positive factor for the prospects of Bitcoin is the decreasing range on the stock exchange, since investors store their BTC in the long term. Martinez wies It was that more than 25,000 BTC have been deducted from the stock exchanges in the past two weeks. This shows that both dealers and institutions keep their BTC in anticipation of a price increase, which reduces the available offer on the stock exchanges and potentially drives up prices.

The recent developments on the regulatory front have further influenced crypto dynamics and reinforced the dynamics of the market. US President Donald Trump recently announced the formation of a new strategic reserve for cryptocurrencies, which includes Bitcoin, Ethereum (Eth), Ripple, Solana (Sol) and Cardano (ADA).

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