XRP price prediction: Ali Martinez sees a classic technical pattern that suggests a possible meteoric rally

Widely-followed analyst and trader Ali Martinez is leaning bullish on a large-cap crypto project focusing on cross-border payments.

A widely-followed analyst and trader is leaning bullish on a large-cap crypto project used for cross-border payments.

What Happened: Analyst Ali Martinez says that XRP is facing a classic technical pattern that suggests a possible meteoric rally in the near future.

XRP price has been oscillating between $2 and $3 for several weeks now, signaling a tough battle between the bulls and bears.

The XRP chart is currently forming a head-and-shoulders pattern, which will complete on a break and close below the neckline. If the price stays below the neckline, XRP will nosedive.

However, in a Sunday post on X, formerly Twitter, Martinez noted that this negative view will be invalidated if buyers push and maintain its price above the right shoulder.

In his view, this view could lead to an explosive rally toward the $5 level.

"A move and close above the right shoulder will negate the head-and-shoulders pattern and open the door for a possible rally to $4 and then $5."

While $5 is an attainable target for XRP, its immediate hurdle remains at the $3 threshold. A break and close above $3 will be the first indication that the head-and-shoulders pattern has resolved in favor of the bulls.

Also Read: President Trump's Crypto Summit Stirs Up XRP Interest, But Key Details Remain Undisclosed

This pattern usually occurs during periods of high volatility, which aligns with the recent price swings in the crypto market.

Trump Favors Bitcoin, Not XRP: The much-anticipated White House Crypto Summit on March 7 concluded with a whimper rather than a bang for XRP traders as hopes of its potential inclusion in a U.S. strategic crypto reserve quickly faded.

Despite initial excitement, President Donald Trump's Crypto and AI czar David Sacks clarified on Friday that the mentioned cryptocurrencies, Ethereum (CRYPTO: ETH), Solana (CRYPTO: SOL), Cardano (CRYPTO: ADA), and Ripple's XRP, were only illustrative examples — not a firm commitment.

Moreover, the president's border stockpile strategy, which focuses on altcoins, excludes new purchases. Conversely, Bitcoin (BTC) is gaining clear favor from the Trump regime, with the U.S. also holding roughly $17 billion in BTC at current prices.

XRP dropped 5.7% in the past 24 hours to $2.21, lower from a high of $2.98 earlier in the week — representing a decline of about 20% from its Sunday peak following Trump's initial reserve announcement.

Nevertheless, the embrace of Bitcoin could eventually lead to other countries following the U.S.'s footsteps, potentially acting as bullish catalysts for crypto in the coming months.