tl;dr
A prominent analyst reports that large investors are heavily investing in two major altcoins amid increased cryptocurrency market volatility. According to trader Ali Martinez, crypto whales purchased approximately $2.16 billion worth of XRP and over $345 million worth of ADA in a single day. The ana...
Deep-pocketed investors have recently heavily accumulated $2.16 billion worth of XRP and $345 million worth of ADA amid cryptocurrency market volatility. This significant activity signals a bullish sentiment in the market.
XRP is currently trading at $2.41. There is a potential head-and-shoulders pattern that may indicate a bearish reversal. However, it could rally to $5 with a close above $3.
ADA is trading at $0.86, with a potential rally to $2.20 if a key resistance area is breached. A close above $1.19 would confirm a bullish breakout for ADA.
According to prominent analyst Ali Martinez, large investors are heavily investing in XRP and ADA amidst increased cryptocurrency market volatility. Martinez reported that crypto whales purchased approximately $2.16 billion worth of XRP and over $345 million worth of ADA in a single day.
At the time of writing, XRP is trading at $2.41, and ADA is trading at $0.86. Martinez warns of a potential bearish trend for XRP, while predicting a bullish breakout for ADA.
Deep-pocketed investors are heavily loading up on the two large-cap altcoins as the crypto market witnesses an abrupt spike in volatility. Martinez revealed that crypto whales snapped up about $2.16 billion worth of XRP and over $345 million worth of ADA in a single day.
At the time of writing, XRP is trading at $2.41, and ADA is trading at $0.86. Martinez warns that XRP appears to be flashing a head-and-shoulders pattern, a bearish reversal structure. He also suggests that XRP could rally to $5 with a close above $3.
Regarding ADA, Martinez notes that investors accumulated over $345 million worth of ADA over the same time period. He predicts a potential rally to $2.20 for ADA, with a close above $1.19 confirming a bullish breakout.