Famous cryptocurrency analyst Ali Martinez evaluated Ripple (XRP) in his recent posts.
According to the analyst, although there has been an 18% decrease in the price of XRP in the last ten days, there is a remarkable increase in the whale transactions of the coin and the data on the amount of coins held by whales.
According to the analyst, this whale activity may indicate the interest of major players in the crypto market before a rebound in the XRP price.
In addition, the analyst claimed that TD Sequential data for XRP gave a bullish signal on the 4-hour chart. According to the analyst, in case of an increase, the next stop may be $ 0.63 or $ 0.67. At the time of writing this article, XRP price is trading at $0.61.
TD Sequential is known as a technical analysis indicator developed by Tom DeMark. It is designed to pinpoint when a trend will run out and potential price reversal points in the market.
Additionally, the analyst also mentioned Litecoin (LTC). According to Martinez, the number of daily transactions in LTC exceeded 1 million for the first time, thus reaching an all-time high.
*This is not investment advice.
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Source: https://en.bitcoinsistemi.com/renowned-analyst-assesses-ripple-xrp-after-the-decline-in-the-last-week-whats-the-outlook/