Nov 27, 2025
8 0
XRP Rebounds From Channel Bottom, Analyst Predicts Surge to $2.60
Analyst Ali Martinez highlights XRP's recent support at the lower line of a Parallel Channel, suggesting a potential move towards its midpoint.
Key Observations
- XRP has been trading within a Parallel Channel for the past year.
- A failed breakout in July led to a downtrend, culminating in a retest of the channel's lower line in November.
- The current rebound suggests that the support level is holding, with a possible target at $2.60, reflecting a 20% increase from the current price.
Potential risks include profit-taking by whales, who have reduced their holdings by over 180 million tokens during the recent price rally.
XRP Price
XRP is currently priced at $2.17, marking a 1.5% decrease in the last 24 hours.
