HomeCryptocurrencyAnalyst Who Predicted Recent XRP Rebound Sets Immediate Target

Analyst Who Predicted Recent XRP Rebound Sets Immediate Target

Crypto analyst Ali Martinez (@ali_charts) posted a thread on October 18 outlining conditions for a rebound in XRP, Bitcoin, and Ethereum. All three assets have since moved higher.

XRP climbed from a low of $1.26 to $1.34. Bitcoin rose from $80,700 to $82,700. Ethereum moved from $2,330 to $2,430. Martinez has now updated his outlook with immediate price targets for each asset.

What Martinez Said About XRP

Martinez identified $1.25 as a key support level for XRP on the 3-day chart. He described the setup as a potential inverse head-and-shoulders pattern. In that pattern, the left shoulder formed earlier in the year, the head dipped to around $1 in August, and the right shoulder was forming near $1.25 at the time of the post.

Martinez said holding that level could kickstart a move toward $2. He also noted that “a sustained close above $1.56 could open the path to $2.” He set $1 as the downside level to watch if $1.25 failed.

Bitcoin and Ethereum at Key Levels

For Bitcoin, Martinez focused on $81,000 as the lower boundary of a daily rising channel. He said buyers defending that level could push BTC toward $84,000, then toward the channel’s mid-range at $86,500. A break below $81,000, he warned, would shift focus to $76,000.

Ethereum faced a similar test at $2,350. Martinez identified that level as the support line of a “right-angled ascending broadening pattern.” He said a bounce from there could take ETH toward $2,700 or even $3,000. A daily close below $2,350 would put $2,000 in focus.

The New Targets

Following the rebounds, Martinez declared “market rebound as predicted” and issued immediate targets for all three assets. He set BTC at $86,500, ETH at $2,700, and XRP at $1.55. He added that breaking those levels would extend the rally further.

Where the Charts Stand Now

The Bitcoin (BTC) daily chart now shows price at $84,535, with $86,500 marked as the next resistance. The chart’s projected path shows a move toward that level.

Ethereum (ETH) sits at $2,512 on the daily chart, with the projected path pointing toward $2,700 and then $3,100. XRP trades at $1.39 on the 3-day chart, with $1.55 as the next resistance for the asset and the $2 target further ahead.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.


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Solomon Odunayo
Solomon Odunayo
Solomon is a trader, crypto enthusiast, and analyst with over seven years of experience in the industry. He strongly believes that crypto assets and the blockchain will continue to gain prominence. At TimesTabloid.com, he focuses on news, articles with deep analysis of blockchain projects, and technical analysis of crypto trading pairs.
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