{"id":167329,"date":"2025-04-02T00:10:44","date_gmt":"2025-04-02T00:10:44","guid":{"rendered":"https:\/\/peraltafinancing.com\/altcoin\/xrp-and-three-other-altcoins-could-witness-another-sell-off-event-according-to-crypto-strategist\/"},"modified":"2025-04-02T00:10:44","modified_gmt":"2025-04-02T00:10:44","slug":"xrp-and-three-other-altcoins-could-witness-another-sell-off-event-according-to-crypto-strategist","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=167329","title":{"rendered":"XRP and Three Other Altcoins Could Witness Another Sell-Off Event, According to Crypto Strategist"},"content":{"rendered":"


\n<\/p>\n

\n

A closely followed crypto analyst is warning that payments token XRP<\/a> and three other altcoins may suddenly collapse.<\/p>\n

In a new post, crypto trader Ali Martinez tells<\/a> his 134,500 followers on the social media platform X that XRP may be forming a head-and-shoulders (H&S) pattern on the daily chart.<\/p>\n

An H&S structure is a bearish pattern indicating that an asset has lost momentum to sustain its uptrend after failing to print new highs.<\/p>\n

He also says that the Ethereum (ETH<\/a>) hard fork Ethereum Classic (ETC<\/a>), decentralized finance (DeFi) protocol Yearn.Finance (YFI<\/a>) and a Bitcoin (BTC<\/a>) hard fork Bitcoin Cash (BCH<\/a>) are on the verge of losing key support levels.<\/p>\n

\u201cWhat do XRP, ETC, YFI, and BCH have in common?\u201d<\/em><\/p>\n

\"Image\"
Source: Ali Martinez\/X<\/figcaption><\/figure>\n

XRP is trading for $2.08 at time of writing, down 3.3% in the last 24 hours.<\/p>\n

Meanwhile, ETC is trading for $16.69 at time of writing, up 1% on the day, and YFI is trading for $4,778 at time of writing, down 1.1% in the last 24 hours.<\/p>\n

BCH is trading for $302 at time of writing, up 1.1% on the day.<\/p>\n

Next up, he says<\/a> that the Tom DeMark (TD) Sequential indicator is flashing a bullish signal on the weekly charts for layer-1 protocol Algorand (ALGO<\/a>) and global payments network Stellar (XLM<\/a>).<\/p>\n

TD Sequential is an indicator used in technical analysis to determine potential trend reversal points.<\/p>\n

\u201cThe TD Sequential just presented a buy signal on the weekly chart for Algorand. This could be the spark for a fresh uptrend!\u201d<\/em><\/p>\n

\"Image\"
Source: Ali Martinez\/X<\/figcaption><\/figure>\n

ALGO is trading for $0.17 at time of writing, down 1.5% in the last 24 hours.<\/p>\n

He suggests<\/a> Stellar may increase more than 46% its current value.<\/p>\n

\u201cThe TD Sequential indicator just flashed a buy signal on the Stellar weekly chart, which could lead to a rebound to $0.34 or even $0.38!\u201d<\/em><\/p>\n

\"Image\"
Source: Ali Martinez\/X<\/figcaption><\/figure>\n

XLM is trading for $0.26 at time of writing, down 2% on the day.<\/p>\n

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n

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A closely followed crypto analyst is warning that payments token XRP and three other altcoins may suddenly collapse. In a new post, crypto trader Ali Martinez tells his 134,500 followers on the social media platform X that XRP may be forming a head-and-shoulders (H&S) pattern on the daily chart. An H&S structure is a bearish […]<\/p>\n","protected":false},"author":1,"featured_media":167330,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12030],"tags":[13647,10954,9252,1820,24383,20380,20579,13167],"dealstore":[],"offerexpiration":[],"class_list":["post-167329","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoin","tag-altcoins","tag-crypto","tag-event","tag-news","tag-selloff","tag-strategist","tag-witness","tag-xrp"],"yoast_head":"\nXRP and Three Other Altcoins Could Witness Another Sell-Off Event, According to Crypto Strategist - Som2ny Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fivemor.com\/?p=167329\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"XRP and Three Other Altcoins Could Witness Another Sell-Off Event, According to Crypto Strategist - Som2ny Network\" \/>\n<meta property=\"og:description\" content=\"A closely followed crypto analyst is warning that payments token XRP and three other altcoins may suddenly collapse. 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