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From $2 to $11: Popular Analyst Maps Out Ripple’s (XRP) Next Big Move
Ripple’s cryptocurrency, XRP, has been making waves in the market lately. After plummeting to a low of under $2, it bounced back with an impressive 20% gain, currently trading at around $2.45. But what does this mean for the future of XRP? According to popular analyst Ali Martinez, the asset’s next big move could be nothing short of astonishing.
In a recent tweet, Martinez hinted that XRP might need to revisit its previous low of under $2.05 before making another leg up. This would likely result in a 50% gain from current levels. While this may seem like a setback for investors, Martinez believes that such a pullback could actually be beneficial for XRP’s long-term price movements.
But what about the incredible possibility of reaching as high as $11? It seems far-fetched, but according to Martinez, it is not entirely impossible. He suggests that if the asset can overcome its current resistance level at $2.73, the potential is there for a fresh all-time high and a massive surge towards $3.4 and beyond.
While these predictions may seem overly optimistic, they do highlight the immense volatility of the cryptocurrency market. Ripple’s XRP has already proven itself to be capable of drastic price swings in the past, so it wouldn’t come as a surprise if it defied expectations once again.
Only time will tell what the future holds for XRP, but one thing is certain – we’re all watching with bated breath.
Source: cryptopotato.com
