Ripple's cross-border token XRP has emerged from a years-long technical formation, potentially signaling another significant rally despite recent market turbulence. The breakout comes after a volatile period for the digital asset, which currently trades around $2.38.
Technical analysis shared by cryptocurrency analyst Ali Martinez suggests the token could reach an ambitious target of $15, representing a surge of approximately 530% from current levels. Such a move would catapult XRP's market capitalization to nearly $900 billion, positioning it close to Bitcoin and substantially above Ethereum in total valuation.
"Since January 2018, XRP appears to be forming a symmetrical triangle pattern, indicating a potential bullish continuation where every lower high XRP made created a descending trendline at the top and every higher low created a rising trendline at the bottom," Martinez stated. "Now that XRP has broken out of the triangle, there's a chance XRP can continue rising to reach a target of $15."
The prediction, while striking, follows months of extraordinary activity for the digital asset. XRP experienced a dramatic 470% price increase in the aftermath of the U.S. presidential elections, jumping from under $0.60 to briefly touch $3.40 — matching its previous all-time high set during the 2017/2018 bull cycle.
