If XRP ends the week at this level, it will hit a record high of $4.8
2025-07-16 13:55:44
Main Idea
Cryptocurrency expert Ali Martinez predicts XRP could reach a new all-time high near $5 if it decisively breaks the $3 resistance level, with recent price movements showing strong bullish momentum.
Key Points
1. XRP has repeatedly tested the $3 mark as a major resistance level, with recent price movements indicating renewed strength.
2. A decisive weekly close above $3 could confirm a bullish continuation, targeting $4.80, nearly 60% above current levels.
3. XRP's rally is partly driven by Bitcoin's surge to a record high above $123,000 and the resolution of legal uncertainty with the SEC.
4. Ripple applied for a federal bank charter, and multiple asset managers have filed for spot XRP ETFs, signaling growing institutional interest.
5. XRP is currently trading at $2.96, up 3% on the day and nearly 24% over the week, with strong bullish momentum indicated by its position above key moving averages.
Description
Cryptocurrency trading expert Ali Martinez is projecting that XRP could rally to a new all-time high near $5, provided the token secures a decisive weekly close. Martinez noted that XRP is showing renewed strength on the weekly chart, emphasizing that breaching $3 would serve as the key catalyst for a breakout to new highs at $4.9, he said in an X post on July 16. XRP price analysis chart. Source: TradingView The analysis highlighted that XRP has repeatedly tested the $3 mark since early 2025 bu...
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