Here is the Next Important Level XRP Needs to Break to Continue the Bullish Trend

Ali Martinez, one of the well-known crypto analysts predicts a potential rally for XRP.

Martinez suggests that XRP needs to break $0.9 to trigger a bullish breakout. At the time of writing, XRP is valued at $0.587, down 5.6% in the last 24 hours but reflecting a 19% gain in the last month.

$XRP has been consolidating within a symmetrical triangle for 6 years! A bullish breakout could occur if #XRP surpasses $0.90. pic.twitter.com/YzW3jDuvF9

— Ali (@ali_charts) July 30, 2024

The analyst also argues that XRP has been consolidating within a symmetrical triangle for six years, indicating that exceeding $0.90 could lead to significant gains.

READ MORE:

XRP Showed Strength in July But Faces Uncertainty in August

Commenting on Chainlink (LINK), Martinez uses TD Sequential, a technical analysis tool, to forecast an uptrend. He noted a buy signal on LINK’s four-hour chart, suggesting a recovery is imminent.

Alexander Stefanov