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 300% 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 bullish reversal signal.

“Bitcoin has historically rebounded when the trader loss margin reaches -12%. Right now, it’s sitting at -15.4%, signaling a potential reversal!”

Source: Ali Martinez/X

The loss margin is the percentage of loss relative to the initial capital, investment or trade size.

Martinez further says that about $2.29 billion worth of BTC has been withdrawn from crypto exchanges in just 14 days.

“Over the past two weeks, more than 25,000 Bitcoin have been withdrawn from exchanges!”

Source: Ali Martinez/X

The crypto analyst also says that whales have recently signaled bullish sentiment on Bitcoin.

“Whales have bought over 20,000 Bitcoin since it dipped below $88,000 on February 24th, signaling strong buy-side interest at these levels!”

Source: Ali Martinez/X

Bitcoin is trading at $91,737 at time of writing.

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