TL;DR
- XRP’s consolidation has continued for weeks now, as the asset has been trading within a tight range between $2 and $2.3 with very few breakout attempts.
- However, one analyst has outlined a bullish technical pattern that could result in a substantial price pump for the fourth-largest digital asset.
$XRP looks to be forming an inverse head and shoulders pattern, setting the stage for a potential breakout toward $2.60! pic.twitter.com/rn1C8Skd9E
— Ali (@ali_charts) July 7, 2025
In a separate video explaining the current landscape, Ali Martinez noted that “XRP is about to rip and most traders will miss it.”
This is because the asset has formed an inverse head and shoulders pattern over the past month, which he labeled as a “classic bullish setup that could result in a 12% upswing.”
To do so, though, XRP needs to reclaim the $2.33 resistance line, which would open the doors for such a surge to $2.6.
Ripple’s cross-border token has been confined in a tight range for nearly two months. In fact, the last time it traded close to Martinez’s target was back in early May.
The analyst with roughly 140,000 followers on X has repeatedly highlighted the $2.33 and $2.38 resistance lines as crucial obstacles in XRP’s path north.
Despite the recent stagnation, multiple other market commentators have laid out bullish price predictions for the asset. As reported yesterday, Steph Is Crypto touched upon the tightening Bollinger Bands, saying XRP skyrocketed by 600% the last time the technical indicator was in a similar position.
The post Ripple’s (XRP) Price Is About to Rip and Most of You Will Miss it (Analyst) appeared first on CryptoPotato.
XRP remains slightly below $2.3 but bullish momentum builds. Crypto Bits, Crypto News, XRPBTC, XRPUSD, Ripple (XRP) Price
This articles is written by : Nermeen Nabil Khear Abdelmalak
All rights reserved to : USAGOLDMIES . www.usagoldmines.com
You can Enjoy surfing our website categories and read more content in many fields you may like .
Why USAGoldMines ?
USAGoldMines is a comprehensive website offering the latest in financial, crypto, and technical news. With specialized sections for each category, it provides readers with up-to-date market insights, investment trends, and technological advancements, making it a valuable resource for investors and enthusiasts in the fast-paced financial world.