$XRP has entered a consolidation phase after reaching a multi-year high of $2.90 in early December. The cryptocurrency's price action has left investors uncertain about its next move, fueling speculation about whether XRP will surpass the critical $3 mark or if the cycle top has already been set.
Ali Martinez's Bullish Prediction
Prominent crypto analyst Ali Martinez suggests that XRP has been trading within a bull flag pattern, a classic continuation signal in technical analysis. According to Martinez, the key to unlocking XRP's next rally is overcoming the $2.60 resistance level. A breakout above this threshold could set the stage for XRP to push past $3 and potentially explore even higher price levels, with Martinez predicting a target of $4.
Key Levels to Watch
XRP trades at $2.57, edging closer to the critical $2.64 resistance level. This price point is pivotal for XRP's near-term trajectory, as clearing it would open the door to testing the $2.90 local high. Breaking through these levels in the coming days could spark a massive rally, potentially driving XRP into uncharted territory above its all-time high (ATH).
What's Next for XRP?
The $2.64 mark is a key barrier that must be surpassed to confirm bullish momentum. If XRP successfully pushes past this hurdle, it will likely attract fresh buying interest, accelerating its upward movement. A move beyond $2.90 would further validate the trend's strength and set the stage for significant gains. However, failure to break above $2.64 could leave XRP vulnerable to downside pressure.
