news 
From $2 to $11: Popular Analyst Maps Out Ripple’s (XRP) Next Big Move
Ripple’s cross-border token has been on a rollercoaster ride lately, with a massive surge followed by a sharp decline. However, according to popular analyst Ali Martinez, this volatility might not be over yet. In his latest tweet, Martinez maps out the next big move for XRP, which could take it from $2 to as high as $11.
The analyst’s prediction comes as a surprise to many investors who are still reeling from the recent market-wide correction that saw XRP plummet below $2. However, Martinez believes that this decline could be a blessing in disguise for Ripple’s token. According to his chart analysis, XRP is still consolidating within a massive bull pennant pattern.
Despite its recent 20% rebound back above $2.45, the analyst suggests that failure to break through the steep resistance level of $2.73 could result in a pullback to $2.05. This would be a significant decline for investors who have already seen their XRP holdings drop by more than 60% since its peak in November.
However, Martinez is quick to point out that such a scenario could set the stage for an even bigger move upward. He believes that if XRP does indeed retest $2.05, it could catapult the asset into new all-time highs above $3.4 and potentially as high as $11.
For those who may be skeptical of such a drastic prediction, Martinez’s reasoning is based on the asset’s historical behavior in the past. He highlights that XRP has consistently broken through major resistance levels, and there is no reason why this should change now.
While some investors might find this prediction hard to swallow, others could see it as an opportunity to accumulate more XRP at a discounted price. Only time will tell if Martinez’s forecast comes true or not.
What do you think about Ali Martinez’ prediction? Let us know in the comments below!
Source: cryptopotato.com
