Trader Says XRP Rival Forming Pattern That Could Trigger 300% Price Explosion, Updates Outlook on Bitcoin
Analyst and trader Ali Martinez is leaning bullish on a large-cap crypto project focusing on payments and cross-border transactions. Martinez tells his 129,700 followers on the social media platform X that Stellar (XLM) is forming a bullish pattern on the three-day chart. According to Martinez, the XRP (XRP) rival could go up by nearly 4x from a major resistance level. “Since November 2024, Stellar appears to be forming a bullish flag. The 600% rally seen in November created the pattern’s flagpole and the consolidation phase we have seen since then is forming the pattern’s flag. Now, a sustained break above the $0.42 resistance could trigger a bull run to $1.60 – representing a https://cdn.thebittimes.com/images/2025/03/07/90686a87509c3101bec899b64d9f2af0.webp% price increase.” Source: Ali Martinez/X Stellar is trading at $0.304 at time of writing. Turning to Bitcoin (BTC), the crypto analyst and trader says the largest crypto asset by market cap is flashing a...