After dropping to less than $2 on March 11, Ripple’s XRP has made a compelling comeback, currently trading between $2.30 and $2.40. With the ongoing legal battle between the US Securities and Exchange Commission (SEC) and Ripple nearing resolution, the market anticipates increased price volatility for this dynamic digital asset.
In this uncertain landscape, market analyst Ali Martinez has expressed a bold prediction that Ripple’s native token could still attain a two-digit value in this cycle. His optimism is grounded in an extensive symmetrical triangle formation that he believes serves as a robust technical basis for potential price movement.
Martinez’s views stand in stark contrast to bearish sentiments from other commentators regarding XRP’s trajectory, especially following a significant dip of approximately 25% from its high of $3.40 achieved in mid-January.
XRP Gradually Builds Its Symmetrical Triangle
Like many cryptocurrencies, XRP continues to exhibit highly volatile market behavior. A recovery attempt earlier this month faced resistance, culminating in the sharp decline observed on March 11. However, some analysts, including Martinez, remain bullish, projecting that the token could reach as high as $15.
This is why $XRP can still reach $15! pic.twitter.com/vkIiR0rnpU
— Ali (@ali_charts) March 14, 2025
In his recent commentary shared via Twitter, Martinez has highlighted the seven-year symmetrical triangle pattern tracing back to January 2018, when XRP fell from a peak of $3.80. This observation aligns with analyses from several commentators, reinforcing the notion that a breakout from this formation could pave the way for a substantial price rally.
The Ascending Trendline
According to Martinez’s analysis, XRP established its lower highs in January 2018, forming a descending trendline above. Meanwhile, the cryptocurrency exhibited higher lows throughout this timeframe, contributing to the construction of an ascending trendline below, culminating in a symmetrical triangle configuration.
Notably, XRP breached this symmetrical triangle structure after the November US elections, experiencing an extraordinary surge of 280% within the month—marking the most significant 30-day increase for the asset in seven years.
This breakout continues to surprise traders and infuse fresh optimism among XRP enthusiasts. Although experts caution that prior breakouts do not guarantee sustained upward trends, this spike is perceived by many as a sign of potential long-term strength.
Yet, the drastic price fluctuations have sparked discussions about XRP’s future, particularly in light of ongoing regulatory changes and broader market movements.
As it stands, Ripple’s XRP is currently trading at $2.37, a 2% increase over the last week.
XRP Currently Retesting A Breakout
Following two months of upward momentum, Ripple’s XRP is experiencing a downturn, mirroring broader trends in the cryptocurrency market. Per Martinez’s analysis, XRP appears to be retesting the triangle chart breakout. He posits that even if XRP dips below $2, as long as it remains above $1, a breakout remains achievable. With the charts as his guide, Martinez maintains that the prospect of XRP reaching $15 is an attainable goal.
Featured image from StormGain, chart from TradingView
