Prominent cryptocurrency analyst, Ali Martinez, has shared a bullish outlook for XRP, suggesting the token could hit an all-time high of $5.
In an X post on March 9, Martinez highlighted that this possibility hinges on XRP’s ongoing technical formation, an inverse head-and-shoulders pattern on the daily chart, typically a bullish reversal signal.
XRP price analysis chart. Source: TradingView/Ali_charts
The chart outlined the left shoulder, head, and right shoulder structure, with the neckline support at around $2.15 acting as a critical make-or-break zone.
Martinez explained that for the bullish outlook to hold, XRP must avoid closing below this neckline and instead break above the right shoulder level near $2.80.
A successful breakout could trigger a rally toward $5. However, if XRP closes below $2.15, the bearish scenario would be confirmed, potentially dragging the token to lower price levels before any recovery.
XRP mirroring 2017 rally
Further supporting the
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