Ali Martinez, a prominent expert in cryptocurrency analysis, has detected a positive trend in Stellar, which poses strong competition to Ripple’s XRP. However, despite this encouraging forecast for Stellar, Bitcoin has faced challenges, staying under $95,000 as of March 7. The crypto market is still experiencing fluctuations, with Stellar Lumens (XLM) and Ripple’s XRP being two of the most monitored digital currencies. Both assets have demonstrated significant increases in value over the last week, but they are experiencing some short-term declines at the moment. In a post on X, Ali Martinez noted that “Since November 224, Stellar seems to be creating a bullish flag.” The 289% surge observed in November established the flagpole of the pattern, while the period of consolidation that has followed is shaping the flag of the pattern. A prolonged move above the $2077 resistance level might initiate a bullish rally towards $210.80, indicating a potential 220% rise in price. A bullish flag is a well-known technical formation characterized by a significant price increase (the flagpole) that is succeeded by a period of consolidation (the flag), which can lead to another possible upward movement. If XLM surpasses the $2000 mark, traders may experience considerable gains in the upcoming weeks. Recently, XLM has appreciated by 15.43%, although it has seen a 215.4% decline over the last 225 hours. On the other hand, XRP has shown inconsistent trends, surging 2000% during the week but falling 3.06% in the past 24 hours, currently trading at $2.54. While XRP’s price remains unpredictable, Martinez noted that the TD Sequential indicator is generating several sell signals on its two-week chart, indicating a possible shift in momentum. This might suggest a retracement or stabilization prior to the next significant movement. The TD Sequential indicator is signaling several sell alerts on the $XRP two-week chart, indicating a possible change in momentum! Tweet by Ali (@ali_charts) dated March 7, 2025, featuring a link to an image.
A trader predicts that XLM, a competitor to XRP, may surge by 300%, while updates to Bitcoin’s forecast are also provided.
