XRP Poised For 450% Upside, Says Analyst, As Coin Shows ‘One Of The Most Promising Setups’ Heading Into 2025

XRP (CRYPTO: XRP) might have retraced sharply in recent days, but one influential analyst on Monday predicted massive upsides for the payment-focused cryptocurrency in 2025.

What happened: Ali Martinez, a well-known chartist, observed a “promising setup” for XRP, prompting him to set a price target of $11.

Martinez identified a falling wedge pattern, commonly interpreted as a bullish indicator by technical analysts.

If the projections turn out to be accurate, it would imply a 450% increase, or more than a fivefold jump, from XRP’s current market price.

Martinez also observed the converging Bollinger Bands on XRP’s daily chart, indicating a sharp price movement could be on the cards.

Full story available on Benzinga.com