XRP $15 Breakout? Not A Far-Fetched Idea—Analysis
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Ripple’s XRP Springs has regained its life after falling to less than $2 on March 11 last year, and is currently trading between $2.30 and $2.40. and the SEC and Corrugated case Close to its resolution, the market can expect the price of this digital asset to fluctuate more.
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In this case, market analyst Ali Martinez boldly claimed that Ripple’s native coins still have double-digit numbers for this cycle, using extensive symmetrical triangle formation as a solid foundation.
Martinez’s view is contrary to other commentators’ bearish statements. XRP has been in slideshow lately, affected by a wider crypto fall, down about 25% from a high of $1.40 mid-January.
XRP gradually builds its symmetric triangle
Like most cryptocurrencies, XRP continues to have extremely high market performance. The token attempted to recover earlier this month but encountered resistance, resulting in a sharp decline on March 11. Interestingly, some commentators, including Martinez, are still bullish on altcoins, and they see the token on track to reach $15.
This is the reason $ xrp Still up to $15! pic.twitter.com/vkiir0rnpu
– ali (@ali_charts) March 14, 2025
Martinez Symmetric triangle Consisting of this asset, it dates back to January 2018, when it was priced at $3.80.
Even before Martinez shared this observation, several commentators reported on the formation of triangles, suggesting that a breakthrough could lead to price increases.
Upward trend line
According to Martinez, XRP established a lower high in January 2018, expanding the trend line for the landing. When the cryptocurrency witnesses higher lows in this time frame, it extends its uptrend line below, creating a symmetrical triangle.
Interestingly, XRP withdrew from the symmetrical triangular structure after the November U.S. election. Ripple’s local token soared 280% this month, marking the asset’s biggest 30-day growth in seven years.
Apart from the surprising traders, this breakthrough inspired new hopes for XRP enthusiasts. Although some experts point out that past breakthroughs don’t automatically ensure continuous gatherings, many see this spike as evidence of possible long-term strength.
Nevertheless, sharp price volatility has sparked conversations in the future of XRP, especially in light of further changes in government and broader market changes.
Ripple’s XRP is currently Trading price is $2.37which has increased by 2% over the past seven days.
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XRP is currently retested
After two months of upside, Ripple’s XRP is in a downturn, reflecting wider cryptocurrency market sentiment. According to Martinez, the price of XRP is currently being retested Triangle diagram breakthrough. He also suggests that even if the XRP slips below $2, it is still expected to break through as long as it stays above $1. Martinez, with the charts, thought that the XRP reached $15 was not a far-reaching idea.
Featured images from Stormgain, charts from TradingView
