Analyst Unveils Huge Price Targets for XRP, Says Altcoin Looks Undervalued After Massive Breakout
A closely followed crypto strategist believes payments altcoin XRP is primed to witness much higher prices after breaking out from a nearly seven-year holding pattern. Analyst Ali Martinez tells his 96,200 followers on the social media platform X that he thinks XRP could print gains of at least 245% from current prices before the bull market cycle expires. Relying on Fibonacci extension levels, which traders use to spot potential exit points, Martinez says XRP could climb a lot higher after shattering a diagonal resistance that has kept the market bearish since January 2018. “To some, XRP looks overbought! To me, it looks undervalued after breaking out of this massive multi-year symmetrical triangle. Conservative target = $8.40 Optimistic target = $48.12.” Source: Ali Martinez/X Zooming in, the trader says XRP has been printing three consecutive bullish continuation patterns, indicating that the altcoin is flashing massive strength. “XRP: t...