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- Ben Armstrong claimed that XRP’s price dip was a “liquidity grab.”
- Solana’s fluctuation could be linked to Sam Bankman-Fried reportedly promoting Solana in prison.
- Increase in Cardano’s new addresses reportedly indicates a possible price rally.
In a recent YouTube video, cryptocurrency influencer Ben Armstrong discussed price changes for XRP, Cardano, Ethereum, and Solana. Armstrong believes each crypto is leading to the possibility of a big price movement.
According to Armstrong, the recent decline in XRP value is a deliberate move to acquire liquidity, hinting at a potential uptick in price. As of this writing, the trading price of XRP is $0.5947. Armstrong remarked, “XRP is going high very soon.”
Furthermore, Armstrong touched on Solana’s developments, linking its potential price fluctuation to recent news involving Sam Bankman-Fried. According to a recent New York Times report from an anonymous source, SBF recommended prison guards invest in Solana.
Moving to Ethereum, Armstrong analyzed ETH’s market behavior, noting a significant withdrawal from exchanges. This withdrawal indicated a trend towards long-term holding among investors, suggesting growing confidence in Ethereum’s value proposition, per Armstrong.
At press time, ETH is priced at $3,451, marking a 5.6% rise over the last day, per CoinMarketCap’s data. Conversely, Solana (SOL) has seen a notable increase in its value, reaching $123.83.
As for Cardano, Armstrong believes that ADA’s ecosystem shows signs of an explosion, indicated by a surge in new ADA addresses. Armstrong correlates this increase with potential upward price movements. The analyst said that Cardano is on the edge of a major rally, indicating a bullish outlook.
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