Well-known cryptocurrency analyst Ali Martinez shared his latest thoughts on XRP and Cardano in his statement.

According to Ali Martinez, the XRP price could be forming a bull flag formation. However, the analyst said that the coin’s TD Sequential indicator recently gave a bearish signal on its 4-hour chart, which is why he thinks a brief correction could be coming before the XRP price breaks above $2.46.

At the time of writing, the XRP price is trading at $2.39. The coin climbed to $2.84 during its massive bull rally days ago. However, XRP’s all-time high price record is $3.34.

According to the analyst, after this correction, the XRP price may climb up to $4.

In addition, the analyst, who made a statement about Cardano (ADA), reported that ADA whales bought more than 80 million coins in the last 48 hours.

ADA, which is trading at $1.13 at the time of writing, reached an all-time high price of $3.1 3 years ago.

*This is not investment advice.