XRP’s potential rise to $2.60, is it time to buy? (11/28/25)
Jakarta, Pintu News – In the dynamic world of cryptocurrencies, Ripple has recently shown significant signs of recovery. A cryptocurrency analyst has identified that XRP successfully bounced off the bottom line of a Parallel Channel, signaling a potential price increase to reach $2.60. This phenomenon has caught the attention of investors and market watchers, given XRP’s previously declining position.
XRP Technical Analysis
Ripple (XRP) recently found support at the lower line of the Parallel Channel, a pattern that often appears in technical analysis. This channel forms when an asset’s price moves consistently between two parallel trend lines. The upper line of the channel acts as resistance, while the lower line acts as support.
In recent months, XRP has been on the decline after failing to break the upper line of the channel in July. However, in early November, XRP retried the bottom line and managed to bounce back, suggesting that the support is still strong. Analyst Ali Martinez suggested that this could be an early indication of a more stable price movement and potential upside.
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Potential Target Price of $2.60
According to Martinez’s analysis, if the current trend continues, XRP could potentially reach the midpoint of the channel, which is in the range of $2.60. This would mark an increase of almost 20% from the current price. This prediction gives new hope to investors who may be looking for profitable entry points.
It is important to note that price movements in the cryptocurrency market can be highly volatile and influenced by various external factors. Therefore, even if technical analysis points to upside potential, investors should still do their own research and consider the risks involved.
Current Market Dynamics
Currently, Ripple (XRP) is trading at around $2.17, with a 1.5% decline in the last 24 hours. Despite the short-term decline, the recovery from the channel’s lower line shows strength in XRP’s long-term trend. This could be an indicator that XRP still has room to grow.
The cryptocurrency market as a whole continues to exhibit complex dynamics, with investors and analysts constantly monitoring various assets for opportunities. Given the current situation, XRP offers an interesting example of how technical analysis can help in identifying potential price movements.
Conclusion
In conclusion, Ripple (XRP) is showing strong signs of recovery with the potential to reach $2.60. Although the cryptocurrency market is generally unpredictable, technical analysis such as that discussed by Ali Martinez provides insights that can be invaluable to investors. As an investor, it is important to remain vigilant and pay attention to both technical and fundamental analysis before making investment decisions.
Also Read: True XRP Holders Keep Calm Amid Weak Markets, Here’s the Outlook for December 2025!
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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 Rebounds From Channel Bottom: Analyst Eyes $2.60. Accessed on November 28, 2025
