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Analyst Says When You Zoom Out on XRP, It’s Hard Not to Go All In
The post Analyst Says When You Zoom Out on XRP, It’s Hard Not to Go All In appeared on BitcoinEthereumNews.com. XRP is drawing renewed investor attention after climbing to a four-month high, fueled by broader crypto market momentum. Analysts are increasingly confident that an explosive upside is just around the corner, suggesting that going all in on XRP at this point may be a smart move. Notably, seasoned analyst Ali Martinez shared this perspective in a recent post on X. Zooming Out on XRP Martinez presented a historical chart showing how XRP has broken out of a massive symmetrical triangle that has been forming since 2018. This long-term chart shows a consolidation structure narrowing over the past seven years, culminating in a recent upward breakout that began in November 2024, during which XRP experienced a 7X price surge. – Advertisement – Following this, XRP entered a brief ranging period. Now, the chart suggests the coin is set for the next breakout phase. XRP historical chart by Ali Martinez Martinez expressed strong optimism, noting that when considering this broader perspective, “it’s hard” not to feel confident about going all in. He pointed out that if XRP manages to close above $3 on the weekly chart, it would confirm the breakout and could pave the way for a potential rally toward $6 or beyond. As of today, XRP is already testing this resistance level. The coin has reached an intraday high of $2.96, its highest level in four months. Fibonacci Targets Hint at Major Upside Martinez’s chart features key Fibonacci extension levels confirming XRP’s next potential targets beyond $3. The 1.272 level points to $5.96, which becomes the next immediate target once the $3 resistance falls. Further bullish momentum could push XRP to $8.96 and $16.17, aligning with the 1.411 and 1.618 Fibonacci levels. The chart identifies $26.24 as the most promising long-term target based on historical Fibonacci projections. Bitcoin Surge Adds…
The post Analyst Says When You Zoom Out on XRP, It’s Hard Not to Go All In appeared on BitcoinEthereumNews.com.
XRP is drawing renewed investor attention after climbing to a four-month high, fueled by broader crypto market momentum. Analysts are increasingly confident that an explosive upside is just around the corner, suggesting that going all in on XRP at this point may be a smart move. Notably, seasoned analyst Ali Martinez shared this perspective in a recent post on X. Zooming Out on XRP Martinez presented a historical chart showing how XRP has broken out of a massive symmetrical triangle that has been forming since 2018. This long-term chart shows a consolidation structure narrowing over the past seven years, culminating in a recent upward breakout that began in November 2024, during which XRP experienced a 7X price surge. – Advertisement – Following this, XRP entered a brief ranging period. Now, the chart suggests the coin is set for the next breakout phase. XRP historical chart by Ali Martinez Martinez expressed strong optimism, noting that when considering this broader perspective, “it’s hard” not to feel confident about going all in. He pointed out that if XRP manages to close above $3 on the weekly chart, it would confirm the breakout and could pave the way for a potential rally toward $6 or beyond. As of today, XRP is already testing this resistance level. The coin has reached an intraday high of $2.96, its highest level in four months. Fibonacci Targets Hint at Major Upside Martinez’s chart features key Fibonacci extension levels confirming XRP’s next potential targets beyond $3. The 1.272 level points to $5.96, which becomes the next immediate target once the $3 resistance falls. Further bullish momentum could push XRP to $8.96 and $16.17, aligning with the 1.411 and 1.618 Fibonacci levels. The chart identifies $26.24 as the most promising long-term target based on historical Fibonacci projections. Bitcoin Surge Adds…
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