Global Stock News

XRP Set for ‘Further Upside’ if It ‘Decisively’ Breaches This Level, Says Popular Analyst as Ripple-Linked Crypto Spikes 5% in a Week

XRP Set for ‘Further Upside’ if It ‘Decisively’ Breaches This Level, Says Popular Analyst as Ripple-Linked Crypto Spikes 5% in a Week

Leading cryptocurrency analyst Ali Martinez anticipated on Monday a “decisive breakout” for XRP (CRYPTO: XRP) if the token successfully surpasses a key resistance level.

Where Is XRP Headed?

Martinez posted an animated video showing XRP’s consolidation inside a symmetrical triangle on the hourly timeframe

XRP has been consolidating around the $1.09–$1.11 range throughout July. The video suggested that a breach of $1.13 could open the door for a potential rally toward $1.30.

“A decisive breakout above it could confirm the bullish breakout and open the door for further upside,” Matinez added.

Notably, Martinez flagged a “Buy” signal for XRP last week, around $1.109. Since then,…

Source link

Share this article

Scroll to Top