Cryptocurrency trader Ali Martinez says that an altcoin focused on payments should remain above a main level to prevent a steep corrective movement.
Martinez tells His 133,500 followers on the social media platform X that if XRP (XRP) falls under $ 2, the risk of witnessing a deeper marking due to a lack of consolidation below the price level.
“XRP who tests the waters! Under $ 2 can go a gap without considerable support to $ 1.60.”
Based on a graph that quotes data about the Blockchain Analytics platform chains, it seems that there is a “air gap” between $ 2 and $ 1.60, which indicates a weak base for XRP around that price zone.
XRP acts at $ 2.56 at the time of writing.
The next is the Layer-1 protocol Solana (SOL). According to For Martinez Sol is confronted with a “large test” at a resistance level a few percentage points above the current price.
“$ 135 is the most important resistance.”
The widely followed analyst out That investors in the sixth largest crypto-asset per market capitalization capitulate based on the net non-realized profit/loss metric (NUPL) of the Altcoin, an indicator on the chain that measures or accumulators of a currency in a profit or loss.
Based on the graph of the trader, NUPL floats under the zero line, which indicates that investors witness losses and amidst capitulation.
Solana acts at $ 132 at the time of writing, with around 55% compared to the high price of all times of $ 293 reached on January 20.
Looking at the Top Memecoin Dogecoin (Doge), Martinez out That the Altcoin has registered a considerable question in a week.
“Whale Alert! More than 110 million Dogecoin bought in a week. Big players bet on an outbreak.”
Dogecoin acts at $ 0.173 at the time of writing.
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