XRP is showing strong signs of an incoming breakout, and market analyst Ali Martinez believes it is preparing to reach new all-time highs.
In his latest analysis, Martinez revealed that XRP is “screaming all-time highs” as it pushes toward the $3 resistance level. The veteran market watcher believes a solid weekly close above $3 could open the way for a rally to $4.8.
XRP Looking to Break Above Parallel Channel
Martinez’s chart reveals that XRP recently hit the $3 mark before pulling back slightly. It now trades around $2.87 as the wider crypto market cools off following a wave of sharp gains that pushed Bitcoin to record levels. Despite this dip, XRP still holds a bullish structure and looks ready to retest the $3 zone.
Notably, for over seven months, since January 2025, XRP has moved within a range, holding support at $2 and facing resistance at $3. Within this period, it has repeatedly attempted to push above $3 but to no avail. In contrast, the bulls have also defended the $2 support fervently.
Interestingly, this current setup resembles the channel XRP formed between August 2023 and November 2024, when it traded between $0.4 and $0.74. Back then, once XRP broke above the $0.74 resistance in November 2024, it quickly soared past $1 and $2.
Martinez believes XRP is repeating that same pattern. His chart shows that XRP has built a similar consolidation structure and could follow through with another explosive breakout.
A Push Above $3 Leads to New All-Time Highs
If XRP breaks above $3, Martinez expects minor resistance at $3.4, a level that rejected the price in January 2025. Data from his chart also reveals the 2018 all-time high at $3.8 as another hurdle. Once XRP clears these levels, the analyst sees a clear path toward a mid-term target of $4.8.
Moreover, the Directional Movement Index (DMI) looks extremely promising. Specifically, the Average Directional Index (ADX) currently stands at 25. This figure suggests XRP is entering a strong trend.
Meanwhile, the Positive Directional Indicator (+DI) has climbed to 23.6, indicating that there is growing buyer strength. On the other hand, the Negative Directional Indicator (–DI) has dropped to 15.47, which means sellers are losing control.
Essentially, this growing gap between the +DI and –DI suggests bulls are gaining momentum. As long as the ADX continues to hold or move above 25, XRP’s uptrend will remain intact, with the potential to build further strength.
Long-Term XRP Targets
Meanwhile, Martinez previously highlighted XRP’s breakout from a massive seven-year symmetrical triangle in November 2024 when it breached the upper trendline of the previous channel.
Since this breakout, XRP has spent the first half of 2025 consolidating its gains. Martinez argued that when zoomed out, it is hard not to go all in. Based on Fibonacci extensions from this earlier analysis, he identified even more ambitious targets of $8.96, $16.17, and $26.24.
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.
