XRP price rally imminent? This Pattern May Be the Key

Jakarta, Pintu News – The crypto market is flat with low volatility on short time frames, but the price of Ripple (XRP) is showing an upward trend. According to some analysts, the cryptocurrency is expected to retest the previous peak as it has completed a crucial bullish price pattern.

Introduction

Currently, the price of Ripple (XRP) stands at $2.33. In the last 24 hours, the digital asset has increased by 2.5%, and almost 7% in the last seven days, according to data from CoinGecko. Analyst Ali Martinez has observed that the price performance of Ripple (XRP) seems to be about to complete an inverse head and shoulders pattern.

Also Read: XRP price surges but corrects, can bulls take over again?

Promising Bullish Pattern

If the cryptocurrency manages to complete the pattern, Martinez believes that there could be a breakout towards the $2.6 area. Therefore, traders should look out for any bullish price action approaching the $2.35 area, and an hourly close above this level as potential confirmation. Last week, Martinez pointed out a similar breakout when the price of Ripple (XRP) was around the $2.2 level. However, at that time, the cryptocurrency failed to reach the $2.35 breakout and continued to trade in a tight channel between this level and $2.13.

Price Analysis and Target

Another analyst believes that Ripple (XRP) is close to a rally and places a target above Martinez’s prediction, claiming that the cryptocurrency could reach $2.69 in the near future. For this analyst, a breakout above $2.4 is key for future gains. The analyst stated, “The strength of $XRP suggests something is in the making.”

Momentum Supporting Factors

The positive price performance of Ripple (XRP) can be attributed to the large influx of capital into its ecosystem. A report from CoinShares mentioned that the total Assets under Management for cryptocurrencies reached a peak of $188 billion, with $1 billion in the last week alone. Ripple (XRP) has seen an influx of $335 million since the beginning of the year, and $10.6 million in the last week. Some analysts believe that these inflows represent bullish expectations for the cryptocurrency as Ripple nears obtaining a banking license from the US Office of the Comptroller of the Currency.

Conclusion

If the company manages to get this permission, Ledger’s Ripple (XRP) ecosystem is expected to see a high level of adoption from more users, especially from the US, who are switching to their native stablecoin, RLUSD.

Also Read: Bonk Crypto Surges: Is the Next Target Beyond $0.000025?

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• NewsBTC. XRP Price Brewing a Monster Rally, This Pattern Might Hold the Key. Accessed on July 8, 2025