Key Takeaways
- XRP forms a bullish flag after a 580% rally, signaling potential for upward breakout.
- Analysts anticipate a short-term dip to $1.9–$2.05 before the rally.
- The $10 target is widely discussed, with Elliott Wave projections hinting at even higher potential.
- Traders should watch consolidation and support levels for strategic entry points.
Market veteran Ali Martinez has outlined what he calls the “XRP dream scenario,” predicting a potential short-term dip before a major rally that could see the token reach $10. This analysis sheds light on key support levels, bullish patterns, and what investors should watch next.
Bullish Flag Forms on XRP Monthly Chart
Martinez highlights a prominent bullish flag structure on XRP’s 1-month chart since November 2024. A bullish flag typically occurs when an asset surges, faces resistance, and enters a consolidation phase before resuming its uptrend.
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XRP’s flagpole emerged from a sharp rally from $0.5 in November 2024 to $3.4 in January 2025, a 580% increase. The subsequent consolidation has lasted over 10 months, with periodic spikes above $3, forming the characteristic “flag” pattern. This phase often precedes a breakout, signaling potential upside for the token.
Analysts Expect a Final Dip
Despite the bullish outlook, Martinez and other market experts anticipate a short-term decline. Martinez projects XRP could dip to $1.9 before triggering a breakout. Similarly, analyst Casi suggested a potential decline to a range between $2.04 and $1.72, noting that a steeper drop may be necessary to complete the correction.
This correction phase is seen by many as a setup for the next major upward move. Observing these key levels could help traders identify optimal entry points.
The $10 Target: Is It Within Reach?
Martinez believes that the dip to $1.9 may act as a springboard for XRP to rally to $10, representing a potential 300–426% gain from current levels. Other analysts reinforce this optimism. Cryptollica noted a historical four-phase trend suggesting XRP’s trajectory toward $10, while EGRAG Crypto’s Elliott Wave analysis places XRP in Wave 4, with Wave 5 potentially reaching $27.
Also Read: XRP Targets $3.333 as Bullish Momentum Grows from Legal Wins and Technical Signals
These projections indicate strong bullish sentiment among market watchers, particularly for traders seeking long-term opportunities in XRP.
Conclusion
While XRP may face a temporary dip, the long-term outlook appears bullish, with a possible surge to $10 in sight. Monitoring key support levels and the flag pattern could provide crucial signals for traders aiming to capitalize on this potential breakout.
