Ripple, which achieved a victory against the SEC in mid-July, rose to $0.93.
XRP, which subsequently dropped to $0.42 during the general market decline in August, continues to trade at $0.616 at the time of writing.
While XRP investors are looking forward to a rise again, a bullish comment for XRP came from popular analyst Ali Martinez.
Stating that XRP has been moving in a descending channel for a long time, the analyst said that XRP has now exited this channel and XRP may be preparing for a potential explosion.
At this point, the analyst stated that XRP has exited its downward trend and stated that if XRP can continue its recent movement, $ 0.65-0.66 levels can be seen in the short term.
“XRP appears to be breaking out of a descending parallel channel, which could result in a rally for XRP to $0.65 – $0.66.”
#Ripple | $XRP appears to be breaking out from a descending parallel channel, which may result in an upswing to $0.65 – $0.66 for #XRP. pic.twitter.com/gvfeEMKIDX
— Ali (@ali_charts) November 23, 2023
