Eyeing XRP: Analyst Predicts a Bull Run
A well-known crypto strategist believes XRP is poised for a significant rally, underpinned by a couple of bullish signs. On social media, analyst Ali Martinez pointed out that the Tom DeMark (TD) Sequential indicator is indicating a bullish trend for XRP.
This metric aims to detect potential turning points in the market, and a reading of nine indicates a potential reversal in trend. “The TD Sequential shows a buy signal on the XRP four-hour chart, which could trigger a rebound to $0.63 or even $0.67!” Martinez emphasized.
Additionally, the analyst is closely monitoring XRP whales, indicating that they are covertly accumulating the altcoin despite an 18% drop in the last 10 days. “This growing interest from major players could be a precursor to an XRP price rebound,” Martinez stated.
Currently, XRP is trading at $0.60.
Litecoin Surges with Record Transactions
Turning to Litecoin (LTC), Martinez pointed out that the peer-to-peer payments network noted a new record high in transaction volume. “Litecoin registered one million LTC transactions on November 14 alone, marking a new all-time high,” the strategist highlighted.
At the time of the statement, LTC is valued at $69.06.
Hot Take
In evaluating XRP and Litecoin, it is evident that the crypto market is experiencing heightened excitement. XRP is predicted to rally, while Litecoin is noting robust transaction volume, showcasing a growing trend of interest and activity from major investors. Keep a close eye on the price movements of these two assets.
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