XRP buy alert ahead of potential 21% rally

XRP’s three-week 16% drop from September 23 highs near $1.57 to $1.32 at press time on October 15 might be nearing its end, per the analysis shared by the popular trading expert Ali Martinez on X . Specifically, the on-chain analyst claims to have identified a parallel channel that the cryptocurrency has been moving in and concluded the token might soon test a critical support zone. Indeed, XRP might extend its latest losses to the lower boundary of the chart pattern it has formed – $1.25 – before bouncing from it. Should the level hold, the cryptocurrency is expected to rally toward $1.42 and potentially to as high as $1.60.

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