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After dropping at less than $ 2 on March 11, XRP from Ripple returns to life and is currently negotiating between $ 2.30 and $ 2.40. And with the Securities and Exchange American Commission against Ripple case Near its resolution, the market can expect more price volatility for this digital asset.
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In this context, the market analyst Ali Martinez boldly claims that the native part of Ripple always has his legs to hit a two -digit figure in this cycle, using a large formation of a symmetrical triangle as a solid base.
Martinez’s point of view takes place opposite the lowering statements of other commentators. XRP has been on a slide lately, affected by the larger crypto fall, plunging about 25% compared to its $ 3.40 top in mid-January.
XRP is gradually building its symmetrical triangle
Like most cryptos, XRP continues to have a very volatile market performance. The token attempted recovery at the beginning of the month but encountered resistance, leading to a sharp drop on March 11. Interestingly, some commentators remain optimistic about Altcoin, including Martinez, who sees the token on the right track to reach $ 15.
That’s why $ XRP can still reach $ 15! pic.twitter.com/vkiir0rnpu
– Ali (@ali_charts) March 14, 2025
In his latest comment, shared via a Twitter / X publication, Martinez underlined the seven years symmetrical triangle Trained by this asset, which dates back to January 2018, when it went from its summit of $ 3.80.
Even before Martinez shared this observation, several commentators reported the formation of the triangle, which suggests that an escape could lead to a price.
The upward trend line
According to Martinez, XRP formed its lower ups in January 2018, extending the descending trend line in mind. While the crypto was a higher bottom witness during this period, it extended its upward trend line below, creating a symmetrical triangle.
Interestingly, XRP left the structure of the symmetrical triangle after the American elections in November. The Ripple’s native token jumped 280% for the month, marking the highest increase of 30 days for the asset in seven years.
With surprising merchants, this escape inspired a new hope among XRP lovers. While some experts have noted that past eruptions do not automatically ensure continuous rallies, many considered this point as proof of a possible long -term force.
However, the spectacular price fluctuation has triggered conversations on the future of XRP, in particular in light of new government changes and more general market movements.
Ripple XRP is currently Exchange at $ 2.37which is 2% up in the last seven days.
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XRP is currently a break
After two months of increase, the Ripple XRP is slowdown, reflecting the broader feeling of the cryptography market. According to Martinez, the price of XRP currently retains the Chart triangle breakout. He also suggested that even if XRP slides below $ 2, he is still on the right track for an escape, as long as he stays above $ 1. Armed with graphics, Martinez estimates that XRP strikes $ 15 is not a distant idea.
Stormgain star image, tradingview graphic