- Analyst Ali Martinez highlights an inverse head and shoulders pattern on XRP’s chart.
- XRP must close above $2.33 and $2.38 to confirm bullish momentum.
- Tightening Bollinger Bands, last seen before XRP’s previous 600% rally.
XRP, the native token of the Ripple network, may be preparing for a major upward move, according to crypto analyst Ali Martinez. In a recent video analysis, Martinez stated that XRP has formed an inverse head and shoulders pattern, a historically bullish technical structure, and is on the verge of a breakout that could lead to a 12% rally.
“XRP is about to rip and most traders will miss it,” said Martinez, noting that the asset’s price action over the past month suggests a shift in momentum. However, for the bullish thesis to play out, XRP must first overcome the critical resistance level at $2.33.
Martinez emphasized that the $2.33 and $2.38 price points remain pivotal. A successful close above these levels could trigger a move toward $2.60, a price range XRP hasn’t seen since early May.
Also Read: XRP Forms Historical Pattern That Previously Shot it 600% – Major Breakout Imminent?
XRP has been largely range-bound between $2.15 and $2.30 for nearly two months, frustrating both bulls and bears awaiting decisive price action. The recent lack of volatility has led traders to focus more on technical indicators for signals.
$XRP is breaking out! pic.twitter.com/y5S8LdYgXG
— Ali (@ali_charts) July 7, 2025
Bollinger Bands Suggest Imminent Volatility
Another respected analyst, Steph Is Crypto, recently noted the narrowing of XRP’s Bollinger Bands, a sign that a major price move may be imminent. Historically, when these bands tighten to the degree currently observed, volatility tends to follow.
Steph pointed out that the last time XRP saw similar tightening in the Bollinger Bands was in November of the previous year. At that time, the asset surged approximately 600%, climbing from $0.50 to nearly $3.40 in just a few months.
Broader Market Context and Future Outlook
Despite XRP’s stagnation in recent weeks, sentiment among market analysts remains positive. XRP has continued to attract investor attention due to Ripple’s expanding international footprint and efforts to integrate its payment technology with financial institutions.
For traders and long-term holders alike, the $2.33 level remains the key battleground. If XRP can successfully break through and maintain momentum, technical indicators suggest a move to $2.60 is within reach, and possibly more if broader market conditions turn favorable.
Meanwhile, analysts warn that missing the breakout could be costly, especially as market volatility returns and investor interest reignites across the digital asset sector.
Also Read: XRP Holders Reveal Bold Plans After Hitting 10,000 Token Milestone
