XRP is drawing renewed investor attention after climbing to a four-month high, fueled by broader crypto market momentum.
Analysts are increasingly confident that an explosive upside is just around the corner, suggesting that going all in on XRP at this point may be a smart move. Notably, seasoned analyst Ali Martinez shared this perspective in a recent post on X.
Zooming Out on XRP
Martinez presented a historical chart showing how XRP has broken out of a massive symmetrical triangle that has been forming since 2018. This long-term chart shows a consolidation structure narrowing over the past seven years, culminating in a recent upward breakout that began in November 2024, during which XRP experienced a 7X price surge.
Following this, XRP entered a brief ranging period. Now, the chart suggests the coin is set for the next breakout phase.
Martinez expressed strong optimism, noting that when considering this broader perspective, “it’s hard” not to feel confident about going all in.
He pointed out that if XRP manages to close above $3 on the weekly chart, it would confirm the breakout and could pave the way for a potential rally toward $6 or beyond.
As of today, XRP is already testing this resistance level. The coin has reached an intraday high of $2.96, its highest level in four months.
Fibonacci Targets Hint at Major Upside
Martinez’s chart features key Fibonacci extension levels confirming XRP’s next potential targets beyond $3. The 1.272 level points to $5.96, which becomes the next immediate target once the $3 resistance falls.
Further bullish momentum could push XRP to $8.96 and $16.17, aligning with the 1.411 and 1.618 Fibonacci levels. The chart identifies $26.24 as the most promising long-term target based on historical Fibonacci projections.
Bitcoin Surge Adds Fuel to Altcoin Momentum
Notably, XRP’s ongoing rally coincides with Bitcoin hitting a new all-time high of $122,600, reigniting risk appetite across crypto markets. As Bitcoin leads the charge, altcoins like XRP are following suit, benefitting from renewed liquidity and investor optimism.
Prioritize XRP?
Meanwhile, XRP continues to be favored by many market watchers during this bull run. Even before Martinez’s analysis, several others had suggested that prioritizing XRP over other crypto assets might be the best bet for investors.
Beyond technical indicators, several pro-XRP developments in recent months are fueling the bullish sentiment.
For instance, Ripple is expanding operations through a partnership with BNY and is advocating for RLUSD adoption, including efforts to secure a national bank charter and a Federal Reserve master account.
XRP ETFs are also making headlines. ProShares, Turtle Capital, and Volatility Shares are launching multiple futures ETFs this month.
On the historical front, XRP surged nearly 600% between November 2024 and January 2025, massively rewarding those who held during that period. Given these factors, analysts warn that going all in on XRP could be a priority for investors.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
