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After he fell to less than $ 2 last March 11, Ripple’s XRP jumps back to life and is currently trading between $ 2.30 and $ 2.40. And with the US Securities and Exchange Commission vs Ripple case After its resolution, the market can expect more price volatility for this digital active.
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Within this context, market analyst Ali Martinez argues that Ripple’s native currency still has its legs to reach this cycle a biling figure, using an extensive symmetrical triangular formation as a solid base.
Martinez’s vision runs against the bearish statements of other commentators. XRP has been on a slide lately, struck by the wider crypto drop, immersed by around 25% of its $ 3.40 high reached mid-January.
XRP gradually builds its symmetrical triangle
Like most cryptos, XRP remains very volatile market performance. The Token tried a recovery at the beginning of this month, but met resistance, which led to a steep decline on March 11. Interestingly, some commentators stay on the Altcoin, including Martinez, who sees token on the right track to reach $ 15.
This is why $ XRP Can still reach $ 15! pic.twitter.com/vkiir0rnpu
– Ali (@ali_charts) March 14, 2025
In his last comments, shared via a Twitter/X message, Martinez emphasized the seven years symmetrical triangle Formed by this active, that dates from January 2018, when it decreased from his high of $ 3.80.
Even before Martinez shared this observation, various commentators reported the formation of the triangle, which suggests that an outbreak could lead to a price run.
The rising trend line
According to Martinez, XRP was its lower highlights in January 2018, which extended the falling trendline at the top. While the crypto was higher lows in this period, it expanded its rising trend line below, creating a symmetrical triangle.
Interestingly, XRP left the symmetrical triangular structure after the American elections in November. Ripple’s native token rose by 280% for the month, which marked the largest 30-day increase for active in seven years.
Together with surprising traders, this breakout inspired new hope among XRP enthusiasts. Although some experts noted that outbreaks in the past do not automatically cause continuous rallies, many saw this peak as proof of possible power in the long term.
Nevertheless, the dramatic price fluctuation led to conversations about the future of XRP, in particular in the light of further government changes and more general market movements.
Ripple’s XRP is currently act on $ 2.37That is 2% higher in the last seven days.
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XRP currently testing an outbreak
After two months upside down, Ripple’s XRP is on a recession, which reflects the wider crypto market sentiment. According to Martinez, the price of XRP is currently testing again triangular card outbreak. He also suggested that even if XRP slips under $ 2, it is still on schedule for an outbreak, as long as it stays more than $ 1. Armed with the charts, Martinez believes that XRP $ 15 is not a distant idea.
Featured image of Stormgain, graph of TradingView
