Is An XRP Price Explosion Imminent? Crypto Analyst Sets $11 Target

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,889,437,992,103	SHA-256d

Name

Symbol

Market

Market Cap ($)

Algorithm

Bitcoin

BTCUSD

Crypto

1,889,437,992,103

SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-1,406.95	-1.45%	95,494.79	95,494.78	95,494.79

Price Change

Price Change %

Current Price

Bid Price

Offer

-1,406.95

-1.45%

95,494.79

95,494.78

95,494.79

High Price	Low Price	Open Price	Prev. Close	52 Week Range
97,254.35	95,222.22	96,827.52	96,901.74	38,501.00 - 108,388.88

High Price

Low Price

Open Price

Prev. Close

52 Week Range

97,254.35

95,222.22

96,827.52

96,901.74

38,501.00 - 108,388.88

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	08:09:52	0.000628	95,494.79	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

08:09:52

0.000628

95,494.79

USD

Price x Volume	Volume	Base Symbol	Related Pairs
315,281,089.97	3,274.26	BTC	BTCEUR	BTCGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

315,281,089.97

3,274.26

Is An XRP Price Explosion Imminent? Crypto Analyst Sets $11 Target

05/01/2025 11:00am

NEWSBTC

The cryptocurrency market seemed to be in its recovery phase over the past week, with most large-cap assets recording significant gains to close the week. Specifically, the XRP price performance was the cream of the crop, with the altcoin showing strong signs of resurgence. The XRP token has picked up this year from where it left off in 2024, posting double-digit profit over the previous week. This single-week performance helped push the altcoin to become the third-largest cryptocurrency by market capitalization, displacing the USDT stablecoin. Can The Price Of XRP Soar 350% In 2025? In a recent post on the X platform, crypto analyst Ali Martinez shared an interesting analysis of the XRP price that captures the altcoin’s potential trajectory over the next few months. According to the crypto pundit, the third-largest cryptocurrency could be on track for a rally to around $11. Related Reading: MARA CEO Advocates “Invest And Forget” Approach To Bitcoin, Citing Strong Historical Performance The reasoning behind this prediction is the formation of a “massive” bull pennant price pattern on the 12-hour chart. A pennant is a technical analysis pattern characterized by a price spike (the flagpole) followed by a consolidation range with converging trend lines (the pennant) followed by a price breakout in the same direction as the initial flagpole. The pennant pattern looks similar to a bull flag, except that the latter’s consolidation range looks like a rectangle rather than a triangle. The bull pennant similarly serves as a continuation pattern, indicating the persistence of an upward trend. From the highlighted chart above, the relevant level to watch here is the $2.73 level, which is a significant resistance region. According to Martinez, a price correction to $2.05 is possible if the XRP witnesses rejection around the $2.73 mark. If the XRP price successfully breaches and closes above the $2.73 level, the altcoin could travel to a new all-time high of $11. This represents an over 350% rally from the current price point. XRP Price At A Glance As of this writing, the price of XRP stands at around $2.42, reflecting a 1% decline in the past 24 hours. This decline has yet to impact the weekly performance of the altcoin, with the XRP price up by more than 16% in the last seven days. Related Reading: Coinbase Premium Index Reaches Two-Year Low At -0.23%: Impact On Bitcoin Price Unveiled As mentioned earlier, the XRP token now ranks as the third-largest cryptocurrency by market capitalization in the digital asset sector. According to data from CoinGecko, the altcoin boasts a market cap of more than $139.1 billion. Featured image from iStock, chart from TradingView

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