XRP has been the standout performer in a recovering crypto market, seeing significant gains and reclaiming its position as the third-largest cryptocurrency by market capitalization. The token's impressive recovery heralds potential further growth.
Ali Martinez, a crypto analyst, suggests XRP could soar to $11 in the near future. His prediction is based on the emergence of a 'massive' bull pennant price pattern on the 12-hour chart, indicating a continuation of the current upward trend. A decisive move past the $2.73 resistance may propel XRP towards its predicted target.
Currently, XRP trades at $2.42, having decreased slightly in the last 24 hours. Despite this, the altcoin remains up over 16% for the week. The market now watches to see if XRP can achieve new highs.
