Analyst Ali Martinez highlights XRP’s ongoing consolidation within a bull pennant pattern.
Key resistance at $2.73 could lead to a 12% rally, with a pullback to $2.05 possible if unbroken.
A successful breakout could propel XRP to as high as $11, marking a potential all-time high.
XRP is experiencing improved market sentiment, with the token briefly touching the $2.50 psychological price earlier today. While the ongoing momentum has sparked optimism among XRP proponents, analyst Ali Martinez believes it may still be too early to forecast an ambitious price for XRP in the double-digit range.
Condition for XRP to Target $11
In a recent tweet, Martinez pointed out that XRP is still consolidating within a bull pennant pattern. According to him, the token, currently trading around $2.44, faces key resistance at $2.73.
Martinez says breaking this resistance level is important. If XRP fails to achieve this in the short term, he argues that a pullback to $2.05 is possible. Notably, XRP only needs to rally by 12% to break the highlighted resistance point.
However, regardless of the short-term barrier, the larger picture is optimistic. Martinez noted that a su…
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