Top Analyst Identifies Two Favorable XRP Entry Points to Benefit from Incoming $11 Rally
After consecutive days of bearish movement, XRP is swiftly recovering, with an analyst identifying favorable entry points for XRP's potential $11 rally.At press time, XRP is hovering around $2.31, posting a modest 0.29% 24-hour gain. However, the current value reflects a 4.39% rebound from XRP's latest weekly low of $2.2129.This recovery comes as Bitcoin reclaimed $95K today after crashing to $91K earlier in the week. The momentum is spilling over to altcoins like XRP.Amid this, analyst Ali Martinez took to X to project that XRP could rally above $10. However, his commentary suggests he does not expect the run to $10 to occur during the ongoing market recovery.Two Favorable XRP Entry PointsMartinez noted that XRP enthusiasts still have a favorable entry point for the token at $2.05. This sentiment suggests a dip from the current $2.31 level is still a possibility.Notably, the $2.05 price point is inspired by the lower side of the rising trendline of the pennant formation unfolding on the XRP 12-hour chart.Additionally, he highlighted that those who miss loading up on XRP at this projected low could have another opportunity at the $2.50 level. This price coincides with a breakout from the pennant formation.Martinez concluded that regardless of which entry point one chooses, a price above $10 remains a feasible destination for XRP. This aims to reassure current holders not to be concerned with short-term price fluctuations.Notably, attaining $10 from the current level would represent a 333% upside for current XRP holders.
Text source: The Crypto Basic
