XRP Analyst Ali Martinez Sets $1.55 as an Immediate Price Target

Crypto analyst Ali Martinez set a $1.55 immediate target for XRP on Wednesday, Oct. 21, placing it above a resistance level tracked during the token’s rebound from $1.30.

Martinez paired the XRP target with levels of $86,500 for Bitcoin (BTC) and $2,700 for Ether (ETH). He said a break above those marks would extend the rally.

In an earlier analysis of XRP’s three-day chart, posted Sunday, Oct. 18, Martinez identified $1.25 as support and described a possible inverse head-and-shoulders pattern forming near that level. He said a sustained close above $1.56 could open a path toward $2. If XRP fell below $1.25, he marked $1 as the downside level to watch.

The $1.55 target is 10 cents above the $1.45 resistance level tracked during XRP’s rebound from $1.30. Martinez’s earlier analysis placed the sustained-close threshold for a possible move toward $2 one cent above his new immediate target.