XRP is expected to surge towards its all-time high. Popular cryptocurrency analyst Ali Martinez recently forecasted that based on technical analysis, XRP's price could rise to $6 (approximately 83.4 million won). Martinez revealed on the social media platform X that XRP is experiencing strong buying pressure while breaking out of a descending triangle pattern.
Currently, XRP has surpassed $3.60 (approximately 50.04 million won), and if the bullish trend continues, it could sequentially overcome key resistance levels at $4.17, $4.60, and $5.40. Experts emphasized that once these levels are breached, XRP could easily reach the $6 mark as long as trading volume supports it. However, they also mentioned that the upward momentum could be interrupted, potentially leading to significant short-term volatility.
Meanwhile, 'Rich Dad Poor Dad' author Robert Kiyosaki warned about a potential BTC crash on his blog. He stated that "if the bubble bursts, gold, silver, and Bitcoin could all decline," but also hinted at an investment strategy of "buying more if prices collapse." This statement came after Bitcoin reached its recent high of $123,236 (approximately 171.36 million won) last week.
Kiyosaki's statement shocked the market but simultaneously stimulated bottom-buying sentiment, suggesting that long-term growth expectations remain intact. Bitcoin has recorded a cumulative return of 26.77% this year. However, it cannot be ignored that gold has risen by 28% during the same period, maintaining a comparative advantage.
Another notable movement was a large Solana (SOL) transfer. On July 21st, funds worth 1,079,999 SOL, approximately 266.57 million won, were moved from Coinbase, one of the largest US cryptocurrency exchanges. The transaction occurred in two parts within five minutes and is interpreted as being controlled by a specific individual or institution.
Simultaneously, Solana surged by 8.36% in 24 hours, recording the second-highest increase among major cryptocurrencies. This is analyzed as the significant fund movement driving price increases and acting as a buy signal for market participants.
Overall, the cryptocurrency market is at a turning point where technical analysis and macro factors intersect to determine price direction. The potential achievement of XRP's target price, Bitcoin's possible adjustment, and the movements of whales where funds are concentrated are expected to be crucial variables in future trading strategies.
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