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Home»Analysis»Trader says that XRP rival formation pattern can activate 300% price explosion, Outlook updated on Bitcoin
Analysis

Trader says that XRP rival formation pattern can activate 300% price explosion, Outlook updated on Bitcoin

2025-03-06No Comments2 Mins Read
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Analyst and trader Ali Martinez leans Bullish on a crypto project with a large caps focused on payments and cross-border transactions.

Martinez tells Are 129,700 followers on the social media platform X that Stellar (XLM) forms a bullish pattern on the three -day graph.

According to Martinez, the rival XRP (XRP) could rise by almost 4x from a large resistance level.

“Since November 2024, Stellar seems to form a bullish flag. The 600% rally that was seen in November created the flag molten of the pattern and the consolidation phase that we have seen since then forms the flag of the pattern. Now a continuing break above the $ 0.42 resistance can activate a bull run to $ 1.60 – which represents a price increase of 300%. “

Source: Ali Martinez/X

Stellar acts at $ 0.304 at the time of writing.

Regarding Bitcoin (BTC), the Crypto analyst and trader out The largest crypto assets from Market Cap flashes a bullish reversal signal.

“Bitcoin has returned historically when the trader’s loss margin reaches -12%. At the moment it is at -15.4%, which indicates a potential reversal! “

Image
Source: Ali Martinez/X

The loss margin is the loss percentage compared to the initial capital, investment or commercial size.

Martinez out That around $ 2.29 billion in BTC was withdrawn from crypto fairs in just 14 days.

“In the past two weeks, more than 25,000 bitcoin from fairs have been withdrawn!”

Image
Source: Ali Martinez/X

The crypto analyst too out Those whales recently indicated a bullish sentiment on Bitcoin.

“Whales have bought more than 20,000 bitcoin since it fell under $ 88,000 on 24 February, which indicates a strong buy-side interest rate at these levels!”

Image
Source: Ali Martinez/X

Bitcoin acts at $ 91,737 at the time of writing.

See also  $105,000,000 worth of BTC abruptly moved to exchanges by key stakeholders as price stays above $30,000: Glassnode

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