XRP Breaks Out of Technical Pattern, Targets $15
XRP has broken out of a years-long technical formation, potentially signaling another significant rally. The breakout comes after a volatile period for the digital asset, which currently trades around $2.38.
According to cryptocurrency analyst Ali Martinez, XRP could reach an ambitious target of $15, representing a surge of approximately 530% from current levels. Such a move would catapult XRP's market capitalization to nearly $900 billion, positioning it close to Bitcoin and substantially above Ethereum in total valuation.
The prediction is based on the symmetrical triangle pattern that has formed since January 2018, indicating 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. Martinez stated, 'Now that XRP has broken out of the triangle, there's a chance XRP can continue rising to reach a target of $15.'