XRP Analyst Maps Path for Altcoin to Reach $2 Target Price

Popular cryptocurrency analyst Ali Martinez has mapped out a potential path for XRP to reach $2. According to Martinez, XRP needs to consistently close above an inverse head-and-shoulders (H&S) pattern to trigger another 30% rally toward the target price.

The analyst identified the neckline of the possible inverse H&S pattern at $1.5663 and noted that a decisive break above this level could confirm the pattern and initiate the rally.

Notably, Martinez highlighted notable demand from large whale holders, typically XRP Ledger (XRPL) addresses holding between 10 million and 100 million tokens. He pointed out that these investors accumulated 1.54 billion tokens valued at about $2 billion despite XRP being trapped in a consolidation.