Since declining to a low of $2 four days ago, XRP has made considerable gains on the charts. In fact, the altcoin climbed to hit $2.5 for...
Analyst believes a move to $11 may be likely if the altcoin breaks out beyond $2.73has made considerable gains on the charts. In fact, the altcoin climbed to hit $2.5 for the first time in 2 weeks thanks to these gains. However, despite pulling back slightly and trading at a price of $2.45 at press time, the altcoin still saw weekly gains of almost 13%.
According to popular crypto analyst Ali Martinez, for instance, a potential pullback to $2.05 or a rally to $11 may be next, with Ali citing the $2.73 resistance level.When this pattern forms, it often precedes the continuation of its previous trend. Therefore, the price must first flip this level or the bullish trend will be invalidated. On the contrary, if the altcoin breaks above the $2.73-level, it can surge to a historical high of $11.The aforementioned analysis suggested that since XRP is still stuck in a consolidation range, its next move will validate a bullish trend or invalidate it. However, when AMBCrypto looked into it, we found that XRP still has room for upside on the charts.
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