According to crypto analyst Ali Martinez, XRP is still consolidating within a bullish pennant pattern. He noted that the token, trading around $2.42, faces strong resistance at the $2.73 level.
Martinez wrote that this resistance level is important because if XRP cannot reach it in the short term, a pullback to $2.05 is possible. Overall, XRP needs to increase by just 12% to break through the designated resistance point.
Success in moving upward, according to Martinez, could catapult XRP to an incredible $11. If XRP surpasses $2.70, the next target will be the Fibonacci level 1.00, which corresponds to a price of $2.91. After that, a strong bullish surge is expected with the next target at $4.73. This corresponds to the Fibonacci level 1.272.