The analyst expects potential upward movement for XRP and notes that notable technical formations have been found in Dogecoin, Solana, and Cardano. The cryptocurrency market is fluctuating based on technical analyses.

In recent days, the cryptocurrency market has been moving sideways, and technical analysis experts are drawing attention to the volatility in some altcoins. Renowned analyst Ali Martinez stated that XRP has completed its inverse head and shoulders formation, which could be a sign of a significant rise. Martinez predicts that the target price range for this formation is between $2.70 and $2.90, and XRP could reach these levels. This statement increases investor interest in XRP, while also bringing notable analyses regarding other altcoins.

Ali Martinez stated that after the completion of the long-followed inverse head and shoulders formation of XRP, it could enter a new upward trend. Technical analysts express that such formations are often seen at bottom levels and that buying pressure will increase. Martinez stated that after XRP completes this structure, it could rise to the range of $2.70 to $2.90, indicating an increase of up to 30% from current prices.

In an analysis that draws attention to Dogecoin outside of XRP, Martinez stated that if Dogecoin closes above $0.20 monthly, a movement towards record levels could begin. According to past data, when Dogecoin exceeds this level, investor interest appears to increase. Martinez predicts that if stability is maintained above the $0.20 level, Dogecoin could rise to its all-time high of $0.74.

A more cautious approach is present regarding Cardano. According to the analyst, although the current downtrend continues, it is possible to see a rise to $0.88 when the horizontal resistance at $0.74 is broken. Technical formations suggest that there may be promising developments for Cardano investors in the short term.

Another altcoin mentioned in Martinez's evaluations is Solana. The analyst identified a 'cup and handle' formation in Solana's chart, emphasizing that this structure gives a strong bullish signal. If the formation is completed, it could indicate that Solana may exceed the $3,500 levels. This points to a significant growth potential from current price levels.

Such formations usually occur after consolidation processes, and sudden jumps may occur. Martinez noted that Solana clearly demonstrates this technical formation and that investor interest will increase. These types of patterns in technical analysis can trigger buy orders as psychological barriers are overcome.

Martinez reminded that all these upward expectations could change based on current market conditions and emphasized that investors should make their own analyses and take positions. This shows that caution is necessary since not every bullish formation guarantees results.


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