XRP Breaks Key Technical Pattern, Eyes $15 Target

Ripple's XRP has broken out of a technical formation that's been in place since January 2018, according to cryptocurrency analyst Ali Martinez.

The symmetrical triangle pattern indicated a potential bullish continuation, where every lower high created a descending trendline at the top and every higher low created a rising trendline at the bottom.

XRP has broken out of this pattern and is now projected to reach an ambitious target of $15, representing a surge of approximately 530% from current levels of around $2.38.

This would catapult XRP's market capitalization to nearly $900 billion, positioning it close to Bitcoin and substantially above Ethereum in total valuation.