The post Analyst Predicts $3 XRP Price Rally if Key Support Holds appeared on BitcoinEthereumNews.com.

During Monday’s trading session, the crypto market showcased a slight uptick, with Bitcoin holding above key support of $95,000. While the upcoming bolster bottom formation for most major altcoins, the XRP price shows potential for a higher rally amid healthy retracement and a key bullish pattern. As of now, the XRP price trades at $2.4 with an intraday gain of 0.23%. According to Coingecko, the asset’s market cap is at $140 Billion, while the 24-hour trading volume is at $4.08 Billion. Key Highlights: An ascending triangle pattern drives the near-term uptrend in XRP price. The coin price still holding above the 100-and-200-day EMA slope indicates the broader trend as bullish. The long-tail rejection candle at $2 support hints at high demand pressure for pullback buyers. Channel Pattern Sets Ripple Crypto For $3 Rally. In a recent tweet, renowned crypto analyst Ali Martinez highlights a potential bounce in XRP price. His analysis of the 4-hour chart reveals the formation of a rising channel pattern, which consists of two parallel trendlines that act as dynamic resistance and support. Since December 2024, the pattern’s bottom trendline has acted as a key pullback support for investors to regain bullish momentum. The chart setup shows a huge upside potential as it currently wavers at the bottom support. XRP 4-hour Analysis | Ali Martinez Analysts suggest that if the XRP coin holds above $2.7, the potential upswing could hit $3, registering a growth of 22%. XRP Price Hints Reversal At Key Financial Support The XRP’s daily time frame chart shows a notable correction from $3.4 to $2.4, accounting for a 28% loss. However, the pullback holds above $2.28 support, a level coinciding close with the 38.2% Fibonacci retracement level (FIB). Thorertilly, a correction of this degree is considered healthy for an asset to regain its bullish…

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Filed under: News - @ February 11, 2025 1:15 am