The $XRP market is preparing to exit a prolonged tailspin after, according to observations by well-known crypto analyst Ali Martinez, the popular SuperTrend technical indicator triggered a buy signal on the token’s 4-hour chart overnight for the first time since mid-June.
Against this backdrop, the price of the token began to show signs of recovery, forming a stable rising base around $1.08–$1.10 after last week’s wave of sell-offs.
According to historical statistics cited by Martinez, the current switch of the indicator into the “green zone” opens a direct path toward the $1.25 price level, which implies potential market growth of 14%.
In his analysis, Ali Martinez pays special attention to the high accuracy of this algorithm in the past — the last time it issued a similar buy recommendation, it was followed by a rapid rally that sent the price of $XRP up by 14%.
The effectiveness of the model is also confirmed in a falling market. According to historical data, SuperTrend previously identified the start of two of $XRP‘s largest local declines — of 19% and 16% — without error, warning investors in time about the need to lock in profits. The switch of the indicator into bullish mode right now indicates that selling pressure in exchange order books has been exhausted.
Roadmap to $1.25: Three steps for $XRP buyers
Right now, a key confrontation is unfolding on exchanges. In order for the 14% impulse outlined in Martinez’s analysis to fully play out and take the price toward the $1.25 target and above, buyers need to solve three tasks in sequence:
- Breakout above $1.10: $XRP has moved very close to this level. Bulls need a clean impulse breakout above this mark to confirm a real inflow of buying liquidity.
- Overcoming the $1.13–$1.15 zone: This range is an intermediate resistance area, where a temporary pause is possible due to profit-taking by speculators.
- Move toward the $1.25 target: This is the final point of the roadmap, and consolidation above it would mean the final breakdown of the downtrend.
At the same time, the key safety zone for the entire bullish scenario remains the support block around $1.00–$1.04. As long as $XRP holds above these values, the mathematical expectation of growth remains in force. A cancellation of the scenario and a drop below $1.04 would return the asset to the critical psychological level of $1.00.
Source: Original Article
