Crypto analyst Ali has identified what could be a game-changing pattern for XRP’s price trajectory. “As we approach 2025, XRP is showing one of the most promising setups, with a projected target of $11,” Ali notes in his recent analysis.
Looking at the XRP/USDT chart on a 3-day timeframe, a clear ascending triangle pattern has emerged. This formation shows XRP consolidating between a rising support line and a stubborn resistance level around $2.30-$2.35.
The rising support line, marked by consistently higher lows, suggests growing buyer confidence even as the price tests upper resistance.
The ascending triangle pattern typically signals a continuation of the existing uptrend. Given the strong bullish momentum that brought XRP to this point since November, the pattern carries extra weight.
The projected $11 target isn’t pulled from thin air; it’s calculated based on the triangle’s height, measured from its base support around $0.70-$1.00 to the resistance level near $2.30.
Critical Price Levels to Watch
Currently, the dynamic support line sits around $1.90-$2.00, acting as a crucial floor for XRP’s price. The key resistance to overcome remains at $2.30-$2.35. A decisive break above this level could trigger the substantial move Ali anticipates.
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While the setup on Ali’s chart appears promising, investors should remain cautious. A drop below the rising trendline near $1.90 would seriously challenge the bullish outlook. For the $11 target to become reality, XRP needs to definitively break through the $2.30-$2.35 resistance zone with convincing volume.
The overall pattern suggests significant upside potential for XRP as we move toward 2025, but as with any technical analysis, nothing is guaranteed. Traders and investors would be wise to closely monitor these key levels while managing their risk accordingly.
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