#xrp #XRPRealityCheck #XRPHACKED $XRP Is An XRP Price Explosion Imminent? Crypto Analyst Targets $11
The cryptocurrency market has been in a recovery phase over the past week, with most large-cap assets posting significant gains. Among these, XRP's price performance has stood out, showcasing strong signs of a resurgence.
XRP has continued its upward trend from 2024, recording double-digit gains over the past week. This performance has propelled XRP to become the third-largest cryptocurrency by market capitalization, overtaking the USDT stablecoin.
Can XRP's Price Skyrocket 350% in 2025?
In a recent post on the X platform, crypto analyst Ali Martinez provided an intriguing analysis of XRP's potential price trajectory in the coming months. Martinez suggests that XRP could be on track for a rally to approximately $11.
This prediction is based on the formation of a significant bull pennant pattern on the 12-hour chart. A bull pennant is a technical analysis pattern that begins with a price spike (the flagpole), followed by a consolidation phase with converging trend lines (the pennant), and finally a breakout in the same direction as the initial spike.
While similar to a bull flag, a bull pennant's consolidation phase forms a triangle rather than a rectangle. This pattern typically signals the continuation of an upward trend.
XRP Price Targets
From the chart, the $2.73 level emerges as a crucial resistance point. Martinez notes that if XRP faces rejection at this level, a price correction to $2.05 could occur. However, if XRP breaks and closes above $2.73, it could surge to a new all-time high of $11, representing a potential 350% increase from the current price.
Current XRP Price Overview
As of now, XRP is trading around $2.42, reflecting a 1% decline in the past 24 hours. Despite this minor dip, XRP's weekly performance remains strong, with a gain of over 16%.
Currently, XRP ranks as the third-largest cryptocurrency by market capitalization, with a market cap exceeding $139.1 billion, according to CoinGecko data.
In summary, XRP's recent performance and technical indicators suggest a promising outlook, with the potential for significant gains if key resistance levels are breached.