Here’s the Double-Digit XRP Target After Breaching a 7-Year Symmetrical Triangle
XRP might be targeting an ambitious two-digit price mark after breaching a 7-year symmetrical triangle on the weekly chart.
This is according to a recent analysis from prominent market commentator Ali Martinez (Ali Charts). The analyst suggested that despite the ongoing consolidation phase, XRP is currently in a bullish position, and an imminent run to $15 could be on the horizon.
For context, after its impressive 580% rally from $0.50 in November 2024 to a seven-year peak price of $3.4 in mid-January 2025, XRP witnessed a massive correction alongside the rest of the crypto market. However, despite this pullback, it has held above $2, still 440% up from the November 2024 price.
Interestingly, amid the pullback and subsequent consolidation, Martinez has identified that the bulls are still in control. Notably, during the 580% rally, data suggests XRP broke out what appears to be a symmetrical triangle on the weekly chart.
XRP Targets $15 After Symmetrical Triangle Breakout
While the analyst called attention to this triangle, he expressed uncertainty. However, if the structure is indeed a symmetrical triangle, Martinez believes XRP has already broken out. Currently, the asset has sustained the breakout despite the pullback in February.
Data from the chart indicates that the symmetrical triangle formed when XRP collapsed from the $3.8 all-time high price in January 2018. The altcoin first attempted a breakout when it soared to $1.96 in April 2021, but the bears mounted intense resistance at this level.
However, the latest attempt appears to have been successful. Martinez sees XRP building on this momentum to reach the $15 price. With XRP currently changing hands at $2.71, the asset would only need to increase by an additional 453% to claim this $15 price mark.
In his chart, Martinez identified several levels XRP would need to surpass before claiming the $15 region. First, the altcoin must reclaim $2.75, representing the Fib. 1 level. From here, XRP has to conquer the 1.272 Fibonacci extension at $6.08 before hitting the $9.22 price (Fib. 1.414) and then pushing to the $15 mark.
Interestingly, other analysts have also projected an XRP surge to $15. Bobby A suggested that if XRP can mirror only 50% of its 2017 upsurge, the asset could hit $15. Last August, a community figure asserted that while overly ambitious targets like $1,000 are unrealistic, a $15 price is readily achievable.
