Analysts are predicting a rise in XRP for a specific reason

Popular analyst Ali Martinez predicts further gains for XRP for a special reason. It initially receives a bullish signal from the Tom DeMark Sequential Indicator (TD) and according to Martinez, interest from major investors in the digital coin is also increasing.

XRP whales are coming in

Martinez is currently monitoring whale activity regarding XRP. According to the analyst, these investors have come back to life and are currently accumulating the altcoin as much as possible under the radar.

This is obviously an attempt to prepare for a possible bull market for XRP.

“Despite the 18% decline in the price of XRP over the past ten days, there has been visible growth in whale transactions and their assets. “Growing interest in XRP among major lenders could lead to a price recovery,” Martinez said.

The analyst backs up his claim with the chart above, which shows that whales are becoming increasingly active when it comes to XRP.

Not just bullish for XRP

By the way, Ali Martinez is not only positive about XRP. Litecoin, Bitcoin’s little brother, is also looking good at the moment, the analyst said. Martinez reports that Litecoin has posted a new all-time high in the number of daily transactions.

“On November 14, Litecoin recorded one million transactions, which marked a new record for the project,” Martinez said.

What does this huge increase in the number of transactions on Litecoin mean? That is difficult to say at the moment, but in general it is not negative if many transactions take place on a blockchain.

However, we still have to wait for the final impact on the price. At the time of writing, Litecoin’s price was $70.29, representing a market capitalization of over $5.19 billion.