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Altcoins Despite a series of positive regulatory tailwinds, XRP couldn’t escape the broader tariff-induced market turbulence, briefly dipping below its key $2 support level last week. However, the digital asset has since stabilized around $1.75 and is showing signs of a bullish resurgence. On-Chain Signals Point to Rebound According to prominent analyst Ali Martinez, XRP is now trading within an ascending triangle pattern—a traditionally bullish setup—with a potential breakout target of $2.40. “XRP is setting up for a strong move. A breakout above $2.22 could fuel a rally toward $2.40” Martinez said in an April 14 post on X. What’s Next for XRP? The ascending triangle Martinez referenced forms when an asset consolidates between a rising trendline and horizontal resistance. A successful breakout is typically confirmed by increased trading volume, which the coin may now be gearing up for. While macroeconomic pressures—most notably from Trump’s escalating tariff agenda—continue to inject volatility into markets, XRP’s strong technical foundation is offering hope for another leg up. Author Kosta Gushterov Reporter at Coindoo Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets. Related stories Next article Source: https://coindoo.com/xrp-price-prediction-from-top-crypto-expert/

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Filed under: News - @ April 14, 2025 4:33 pm