May 13, 2025
5 0
XRP Price Target Potentially Set at $15 Following Technical Analysis
Analyst Ali Martinez discussed XRP's price potential, suggesting it could target $15 based on a Symmetrical Triangle pattern observed in technical analysis.
XRP Trading Insights
- XRP was consolidating within a Symmetrical Triangle, characterized by two converging trendlines.
- The upper trendline connects lower highs, while the lower one connects higher lows, indicating resistance and support levels respectively.
- A breakout above the triangle suggests bullish movement, while a drop below indicates bearish trends.
- As the triangle narrows, a breakout becomes more likely.
- A breakout could lead to a target price of around $15, representing over 500% growth from its current value.
- XRP is currently trading at approximately $2.45, reflecting a 3% increase over the past week.
