XRP and Three Other Altcoins Could Witness Another Sell-Off Event, According to Crypto Strategist
A closely followed crypto analyst is warning that payments token XRP and three other altcoins may suddenly collapse.
In a new post, crypto trader Ali Martinez tells his 134,500 followers on the social media platform X that XRP may be forming a head-and-shoulders (HS) pattern on the daily chart.
An HS structure is a bearish pattern indicating that an asset has lost momentum to sustain its uptrend after failing to print new highs.
He also says that the Ethereum ( ETH ) hard fork Ethereum Classic ( ETC ), decentralized finance (DeFi) protocol Yearn.Finance ( YFI ) and a Bitcoin ( BTC ) hard fork Bitcoin Cash ( BCH ) are on the verge of losing key support levels.
“What do XRP, ETC, YFI, and BCH have in common?”

XRP is trading for $2.08 at time of writing, down 3.3% in the last 24 hours.
Meanwhile, ETC is trading for $16.69 at time of writing, up 1% on the day, and YFI is trading for $4,778 at time of writing, down 1.1% in the last 24 hours.
BCH is trading for $302 at time of writing, up 1.1% on the day.
Next up, he says that the Tom DeMark (TD) Sequential indicator is flashing a bullish signal on the weekly charts for layer-1 protocol Algorand ( ALGO ) and global payments network Stellar ( XLM ).
TD Sequential is an indicator used in technical analysis to determine potential trend reversal points.
“The TD Sequential just presented a buy signal on the weekly chart for Algorand. This could be the spark for a fresh uptrend!”

ALGO is trading for $0.17 at time of writing, down 1.5% in the last 24 hours.
He suggests Stellar may increase more than 46% its current value.
“The TD Sequential indicator just flashed a buy signal on the Stellar weekly chart, which could lead to a rebound to $0.34 or even $0.38!”

XLM is trading for $0.26 at time of writing, down 2% on the day.
Follow us on X , Facebook and TelegramDon't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Surf The Daily Hodl Mix
Generated Image: Midjourney
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin Buying Surge Driven by U.S. Investors
Bitcoin sees a strong buying trend among U.S. investors, signaling a healthy recovery pattern after recent corrections.A Healthy Post-Correction RallyWhat This Means for the Crypto Market

Here’s Why BlockDAG’s $293M Presale Makes It the Best Crypto to Buy, Bitcoin Holds, and Ondo Plays It Safe
Looking for the best crypto to buy right now? Discover how BlockDAG is disrupting the market with massive growth past $293M raised, while Bitcoin (BTC) holds firm, and Ondo builds trust.BlockDAG Powers Ahead with $293M Raised in Presale!Bitcoin (BTC): The Bedrock of CryptoOndo Finance: Bridging TradFi With Tokenized BondsFinal Thoughts

Guggenheim Taps XRP Ledger for Digital Debt Expansion
Guggenheim partners with Ripple to bring digital debt products to the XRP Ledger, signaling confidence in blockchain finance.Ripple Partnership Powers Blockchain IntegrationWhat It Means for Crypto and Traditional Finance

Siebert Financial Seeks $100 Million for Crypto and AI After SEC Nod
Trending news
MoreCrypto prices
More








