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Jakarta, Pintu News – The rise in the price of XRP (XRP) that occurred from late June to July and resulted in gains of more than 80% has revived interest in the crypto world.
According to analyst Ali Martinez, this spike has taken the XRP price out of the bullish flag pattern on the weekly chart, which opens up the opportunity for an explosive price move to reach $15.
While the $15 target sounds high, the favorable chart structure and important market developments such as the approval of the Proshares Ultra XRP ETF make this prediction more realistic and less speculative.

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Looking at the daily chart, the price of XRP has recently bounced off an important historical level, namely the all-time high zone of $3.40 which now serves as a support area.
This level is considered a crucial zone, and the recent price response in this area reinforces the notion that XRP is entering the early phase of a newbull cycle.
Although the market is still waiting for further confirmation, the price consolidation above this historical support indicates that the bulls are gaining strength.
If XRP manages to break the next resistance at $3.66, then theprice discovery phase is likely to continue.
Another important point of view came from an analyst who compared the current XRP cycle to its movements in 2017. Back then, the XRP price experienced three clear waves of growth.
If the pattern repeats, according to the analyst, we are currently in “Wave 1”. This wave is forming around the previous high (ATH) in the range of $3.40-$3.66.
The “Wave 2” described by the analyst will only begin if the price of XRP manages to break through the new resistance barrier at $3.66.
This next phase is what is referred to as the true expansion phase, where asset prices start to enter into price discovery territory.
Looking at the structure of the current price movement, this pattern seems to be forming, making the $15 target look more like a realistic roadmap than just wishful thinking.
Read also: Ethereum Holds Strong at $3,700 — Is a Breakout to $4,000 Just Around the Corner?
What is interesting about the current price movement of XRP is the strong alignment between technical patterns and general market sentiment.
Institutional interest in the XRP crypto asset continues to rise, and additional supporting factors could push its price higher.
For example, if Bitcoin sets a new price record, it could be a huge boost for XRP to complete its breakout phase.
For now, the price of XRP is still at a fairly stable level, and the technical signals are in line with historical patterns. Traders are now focused on the $3.66 level.
If the price manages to break this level convincingly, it would not only confirm the start of “Wave 2,” but also strengthen the long-term projection towards the $15 target.
As momentum builds and optimism grows from analysts like Ali Martinez, the narrative of XRP’s rising price becomes harder and harder to ignore.
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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 have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
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