Successful analyst Ali Martinez, who is closely followed by investors with his predictions, explained his analysis of Dogecoin and XRP in his post on his X account.
At this point, Ali Martinez, who first examined Dogecoin (DOGE), said that the price may experience a parabolic upward break in April.
Stating that it reflects the patterns observed in previous bull markets, including 2017 and 2021, the analyst said:
“Dogecoin's price action appears to reflect patterns observed in past bull markets.
If history repeats itself, we could see DOGE enter a parabolic breakout around April!”
The price action of #Dogecoin appears to mirror patterns observed in its past bull markets. If history repeats itself, we could see $DOGE enter a parabolic breakout around April! pic.twitter.com/fL1J3CP3mR
— Ali (@ali_charts) February 26, 2024
“XRP Has a Strong Buy Signal!”
Secondly, examining XRP, Martinez stated that the TD Sequential indicator on the XRP chart gave a buying signal.
At this point, the analyst argued that XRP could move as high as $0.65 if it can experience a sustained weekly close above $0.57.
“The TD Sequential indicator has issued a buy signal on the XRP weekly chart, indicating potential bullish momentum.
“If XRP can achieve a sustained weekly close above $0.57, this could be the catalyst for a rally to $0.63 or even higher to $0.65.”
The TD Sequential indicator has issued a buy signal on the $XRP weekly chart, indicating potential bullish momentum. If #XRP manages a sustained weekly close above $0.57, it could be the catalyst for a push toward $0.63 or even higher, reaching $0.65. pic.twitter.com/D35ogC4jIW
— Ali (@ali_charts) February 25, 2024
*This is not investment advice.
