In his recent analysis, Ali Martínez pointed out that it is evident that the price of XRP is about to initiate a strong increase after surpassing a significant resistance level. The chart shared by this analyst suggests that the current gains could be just in their early stages, as Ripple is on track to reach a double-digit price.
The flagpole formed between October 2024 and January 2025 indicates that if the price confirms that the resistance of $3.50 now acts as a significant support, the price of XRP could skyrocket to $15. This increase would mark a 330% surge from the current price, suggesting that the Ripple token has the potential to multiply its value by more than five times.
If these gains materialize, it would not be the first time that the price of Ripple records such massive increases. This is because, between late 2024 and January 2025, XRP skyrocketed more than 500%, rising from $0.50 to a peak of $3.40 in less than three months.
However, the rise to $15 could face more obstacles than last year, primarily due to the supply of 59 billion, which would elevate the market capitalization to $885 billion. Therefore, a rise to $15 could take years to occur.
However, Martínez is not the only optimistic analyst about a double-digit XRP price. A pattern from 2017 indicates that the price of XRP could rise to $45 if it repeats the 1300% surge it experienced five years ago.