The XRP price is in an upward trend, reaching $3 earlier this week. The altcoin has since retraced slightly, although analysts remain confident that the rally is not yet over. A powerful breakout to $6 may happen once there’s a weekly close above $3, according to crypto analyst Ali Martinez.
Meanwhile, this bullish structure was also confirmed by another top analyst, CasiTrades, in her X post. In her analysis, she pointed to a clean break-up above the Fibonacci level of $2.69, after which she expects a textbook backtest to occur. She said that the XRP price might reach $2.824 and then decline.
According to her, the coin is currently retesting resistance to flip as support. This setup is known as a classic bullish continuation pattern in technical analysis. CasiTrades expects the XRP price to break above $3 again very soon.