XRP Price to $6 Now Possible
XRP has staged a rare triangle breakout that may push its price beyond its previous ATH.
Analyst’s Prediction
XRP has rallied past $3.60, triggering bullish momentum. Popular market analyst Ali Martinez recently predicted that Ripple-backed XRP could soon hit the $6 milestone. This forecast comes amid an ongoing rally in XRP, which has led to the coin climbing over $3.60.
In a post, Martinez noted that XRP’s move toward $6 is dependent on its ability to break out of a triangle. The analyst posted a chart showing XRP had formed a descending triangle on the price chart.
Key Resistance Levels
The ability of XRP to break out of this pattern would signal a potential breakout. According to Martinez’s chart, the Ripple-linked coin faces critical resistance at $4.17, $4.60, and $5.40.
If XRP successfully crosses these levels, combined with sustained volumes, the coin could easily reach the $6 mark. On the downside, XRP may experience volatility if it fails to surpass the key resistance level.
‘Rich Dad Poor Dad’ Author Warns of Bitcoin Crash
If Bitcoin ends up crashing, Robert Kiyosaki will be buying more, according to his recent blog post.
Global Outlook
He anticipates a major correction across hard assets if market bubbles pop.
Robert Kiyosaki, the author of “Rich Dad Poor Dad,” has warned that Bitcoin might experience a crash in the future, along with precious metals. “When bubbles bust, odds are gold, silver, and Bitcoin will bust too,” he warned in a recent social media post. However, Kiyosaki stressed that he will be buying more if the prices of these assets crash.
Bitcoin Performance
Kiyosaki’s bleak post comes after the leading cryptocurrency reached a new lifetime peak of $123,236 last week. The leading cryptocurrency is now up 26.77% year-to-date. Last week, it briefly raced ahead of gold, which currently has a gain of 28%.
$206 Million Leaves Coinbase
SOL has resumed its uptrend after a slight price correction.
Total Moved
1,079,999 SOL ($206.7 million) was moved in two transactions among unknown wallets and the leading U.S. cryptocurrency exchange, Coinbase. Both transfers appeared identical and occurred in less than five minutes, suggesting they may have been controlled by a single entity.
Market Impact
This supports Solana’s ongoing price recovery. SOL’s price action for today has recorded the second-highest daily gains among the top ten cryptocurrencies by market capitalization, surging by 8.36% in the last 24 hours.
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