XRP Might Be Targeting $15 After Symmetrical Triangle Breakout

According to a recent analysis from prominent market commentator Ali Martinez, XRP may be looking to reach the ambitious $15 price mark after breaching a 7-year symmetrical triangle on the weekly chart.

Despite ongoing consolidation, Martinez suggests that XRP is in a bullish position, and an imminent price run to $15 could be on the horizon.

In context, XRP saw a remarkable 580% rally from $0.50 in November 2024 to a peak of $3.4 in mid-January 2025 before experiencing a significant correction along with the broader crypto market. Nonetheless, XRP has maintained its price above $2, which still represents a 440% increase from November 2024.

XRP’s Triangle Analysis

Martinez indicates that, despite the pullback and subsequent consolidation, bulls remain in control. During this notable rally, data suggests XRP broke out of what appears to be a symmetrical triangle on the weekly chart.

The symmetrical triangle formed as XRP fell from its all-time high of $3.8 in January 2018. The altcoin previously attempted to break out to $1.96 in April 2021, but faced strong resistance from bears at that level.

Current Pricing and Projections

Currently trading at $2.71, XRP would need to increase by an additional 453% to reach the $15 mark. Martinez has outlined essential levels for XRP to surpass on this journey:
– First, reclaim $2.75 (Fib. 1 level)
– Conquer $6.08 (1.272 Fibonacci extension)
– Push through to $9.22 (Fib. 1.414)

Interestingly, analysts like Bobby A believe that if XRP can replicate just 50% of its 2017 surge, a reach to $15 is plausible. While some project far more ambitious targets like $1,000, a $15 target is considered more achievable by the community.