A market veteran has presented what he called the XRP dream scenario, identifying a support level XRP may drop to before a run to two digits.
This commentary, which came from analyst Ali Martinez, calls attention to a prominent bullish flag structure that has formed on the 1-month XRP chart since November 2024. For context, this bullish flag forms when a token stages an initial upsurge, faces resistance, and consolidates before resuming the uptrend.
XRP Forms Bullish Flag Structure
Notably, the consolidation stage is often the longest phase, forming the flag pattern. Data from Martinez’s chart shows that XRP witnessed the initial price surge when it rallied from $0.5 in November 2024 to a peak of $3.4 in January 2025. This represented a 580% increase and marked the formation of the flagpole.
However, after hitting the $3.4 high, XRP faced resistance, pulled back, and has been consolidating. This consolidation has persisted since then, despite occasional upswings above $3, lasting for over 10 months now. As is typical of bullish flag patterns, Martinez now expects a breakout soon to higher levels.
A Final Dip Imminent?
Nonetheless, the market pundit suggests that a final dip could occur before this breakout. Specifically, Martinez predicts XRP may register another decline to the $1.9 price level. Other analysts also expect this drop. For instance, Casi said in a Nov. 3 analysis that an XRP decline to a range of $2.04 and $1.72 could be possible.
In an updated account, Casi insisted that the XRP correction was not yet over despite the latest rebound attempt. After XRP faced a rejection at $2.41 over the weekend, she noted that this supports the theory that a steeper drop to the Wave 3 low at $2.05 could be necessary.
🚨 The Market Got Ahead of Itself… XRP’s Correction Isn’t Done Yet! 🚨
The market got a little too excited over the Mastercard partnership news… We saw XRP push right into the extremes of where subwave 4 could go, briefly wicking up to $2.41, but that move was short-lived.… pic.twitter.com/hAvk4ueQpT
— CasiTrades 🔥 (@CasiTrades) November 6, 2025
Martinez Predicts Rally to $10
Notably, Martinez believes this imminent drop would act as the trigger for the bull flag breakout, projecting a possible rally to $10. Notably, this represents a 300% increase from XRP’s current price of $2.5 and a more substantial 426% from the $1.9 floor price.
Interestingly, the $10 price target has featured in several analyses amid the ongoing bullish recovery from XRP. For one, The Crypto Basic recently called attention to a report from Cryptollica, in which the analyst identified a historical 4-phase trend that XRP has been following since 2020. He expects the completion of the trend to take XRP to $10.
Meanwhile, market analyst EGRAG Crypto has already set his eyes on higher targets. In one of his latest market commentaries, he suggested that XRP was following a five-course Elliott Wave structure, which began in mid-2023. According to him, XRP currently resides in the fourth wave, and Wave 5 could take it to $27.
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.
