XRP Price Rally on Horizon as Analyst Sees 5% Upsurge

Crypto analyst Ali Martinez predicts a potential 5% rally for XRP if it breaks out of its descending triangle in the short term.

The expert argues that XRP's price could reach $1.46 if it consistently closes above $1.40 in the 1-hour timeframe, signaling a possible 5% upside.

XRP has been forming a symmetrical descending triangle on its 1-hour chart, where buyers defend a support level near $1.3851 while sellers form the hypotenuse.

This bullish move is also supported by increasing demand from institutional investors via spot exchange-traded funds (ETFs), which have recorded eight consecutive weeks of cash inflows totaling $202.28 million at the time of writing.