Crypto analyst Ali Martinez predicts XRP will hit a new all-time high after accurately predicting its recent price movement. Martinez shared a chart showing XRP forming a symmetrical triangle, indicating a potential breakout. XRP is currently trading at $3.10, with a predicted target of $3.90 by early September.

XRP, the third-largest cryptocurrency with a market cap of over $184 billion, reached an all-time high of $3.84 in 2018. Martinez’s prediction suggests XRP could surpass this and hit $3.90. The SEC and Ripple’s joint appeal is still pending, according to lawyer James Filan, with XRP trading at $3.09 currently.

Martinez’s analysis indicates a potential 25% surge for XRP to reach the projected $3.90 price target. The symmetrical triangle formation suggests a breakout for XRP, leading to a new all-time high. Stay tuned for updates as the market dynamics continue to evolve.

Read more at Yahoo Finance: Crypto analyst eyes XRP breaking out to new all-time high