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Chartist Says XRP is Screaming All-Time High. Are You Seeing This?

2025-07-16 00:01:34

Chartist Says XRP is Screaming All-Time High. Are You Seeing This?

Main Idea

Market analyst Ali Martinez suggests that XRP is showing signs of reaching an all-time high, with potential targets up to $4.80 if it closes above $3, based on historical patterns and current indicators.

Key Points

1. XRP is trading at approximately $2.87 as of mid-July 2025, with a consistent trading range supported by buying interest since January 2025.

2. Martinez compares XRP's current consolidation to its 2023-2024 phase, where a breakout led to significant price increases, suggesting a similar outcome could occur now.

3. Key resistance levels are identified at $3.40 and the 2018 all-time high of $3.80, with a potential mid-term target of $4.80 if these levels are breached.

4. The Average Directional Index (ADX) at 25 indicates a forming trend, with the Positive Directional Indicator (+DI) at 23.6 and the Negative Directional Indicator (–DI) decreasing to 15.47, showing weakening seller presence.

5. Martinez highlights a seven-year symmetrical triangle breakout in November 2024, with long-term Fibonacci extension targets at $8.96, $16.17, and $26.24 under continued bullish conditions.

Description

Market analyst Ali Martinez has indicated that XRP is exhibiting significant upward potential and may be positioned for a strong rally, provided it clears a key price barrier. According to his assessment, the cryptocurrency must achieve a confirmed weekly close above $3 to unlock further gains, with targets extending to $4.80 in the mid-term. Current Price Activity and Consolidation Zone As of mid-July 2025, XRP is trading at approximately $2.87, following a brief retracement from a recent attem...

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