- Ali Martinez highlighted XRP forming a striking symmetrical triangle chart with a target of $15.
- XRP is currently attempting to flip the $2.75 price level into support before moving higher.
- Bloomberg analyst said that the SEC could acknowledge the Grayscale 19b-4 for a spot XRP ETF.
Crypto market players suddenly turned their eyes to XRP after top crypto analyst Ali Martinez dropped a chart that has got everyone talking – a striking symmetrical triangle chart, hinting at a potential target to $15. And if the technical pattern really were to play out, XRP could be right on the verge of a huge rally.
Martinez put out a chart showing a breakout from a long-term symmetrical triangle, Every time this pattern has shown up before, it’s brought on huge price surges.
With XRP currently trading at $2.44, the coin is attempting to flip $2.75 (Fibonacci 1 level in the chart below) into support before advancing higher.
XRP to $15 if Chart “Checks Out”?
If the breakout actually happens, the Fibonacci extension tool points to a price target of $15, a potential 515% jump from where it is now.
Whether this projection materializes may depend in part on the …
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