XRP flashing bullish signal that previously triggered 470% upside burst, according to analyst Ali Martinez

On By Littum

A closely watched crypto strategist says XRP is sending out the same bullish signal it flashed late last year before sparking a parabolic rally.

Analyst Ali Martinez tells his 110,100 followers on social media platform X that XRP may be preparing for a new move based on its SuperTrend indicator.

The SuperTrend indicator is a technical analysis tool that aims to identify potential entry and exit points based on an asset’s trend.

Says Martinez,

“The last time the SuperTrend indicator turned bullish on the 12-hour chart, XRP was up 470%… It just turned bullish again.”

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Source: Ali Martinez/X

At the time of writing, XRP is trading at $2.28.

Turning to Cardano, the trader believes that ADA looks poised for a big rally afterwards break out from a bullish continuation pattern on the daily chart.

“Cardano ADA is breaking out of a bull pennant, aiming for $3!”

Picture
Source: Ali Martinez/X

At the time of writing, ADA is worth $0.99.

Next up is the top memecoin Dogecoin (DOGE), which the trader says being gobbled up by investors with deep pockets.

“Whales bought 140 million Dogecoin DOGE in (24 hours)!”

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Source: Ali Martinez/X

Martinez also notes that traders are currently bearish on Dogecoin, suggesting that the meme token may be ready to buck the crowd.

“Dogecoin DOGE weighted social sentiment is at -0.60, which means the crowd remains very pessimistic about its upside potential. It might be a good time to be a contrarian!”

Picture
Source: Ali Martinez/X

At the time of writing, DOGE is trading at $0.35.

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