#xrp
XRP, Sees 436% Upside Potential for Third-Largest Crypto
A closely followed crypto analyst says payments-focused altcoin XRP is potentially forming a bullish technical pattern that could lead to an exponential breakout.
Ali Martinez tells his 108,000 followers on the social media platform X that XRP is trading within a large bull pennant – a bullish continuation pattern where a period of consolidation is often followed by a breakout
“XRP is still consolidating within the pennant of a massive bull pennant pattern. Until the $2.73 resistance is broken, a pullback to $2.05 remains possible before a potential breakout to $11!”
Using Fibonacci extensions, Martinez appears to forecast that XRP will drop to its support at $2.05 before launching a staggering 436% rally toward his upside target.
More interesting news — subscribe • I will be grateful for tips
