title: XRP (XRP) Looks Poised to Kick Off a New Uptrend After Breaking Out of Bullish Reversal Pattern

Analyst Ali Martinez tells his 136,500 followers on the social media platform X that XRP can surge as high as 30% from current levels after breaking out of an inverse head-and-shoulders pattern.

Crypto analyst Ali Martinez is examining the technical trends of four closely followed altcoins: XRP, Dogecoin (DOGE), Solana (SOL), and Cardano (ADA).

In a recent X post, Martinez says that XRP can surge as high as 30% from current levels after breaking out of an inverse head-and-shoulders pattern. The structure is typically considered bullish as it suggests that buyers are ready to step in without waiting for the asset’s price to revisit recent lows.

“XRP looks to be breaking out of an inverse head and shoulders pattern, with a potential upside target between $2.70 and $2.90.”

According to the analyst, if Dogecoin can secure a monthly close above $0.20, it could pave the way for a rally toward its all-time high of $0.74.

“If Dogecoin can secure a monthly close above $0.20, it could pave the way for a rally toward its all-time high of $0.74. Such a breakout would signal strong bullish momentum and potentially attract increased investor interest.”

Next up is Solana, which Martinez believes is forming a large bullish continuation pattern that could send the altcoin to an astronomically high price target above $3,500.

“Zooming out, Solana appears to form a textbook-perfect cup and handle pattern. A breakout above the pattern's neckline, around $180, could signal the continuation of the uptrend and potentially propel Solana to new highs above $3,500.”

And finally, the trader says that Cardano needs to take out the diagonal resistance of a descending channel to spark new rallies. A descending channel suggests that an asset is in a downtrend as its price prints lower highs and lower lows.

“Cardano is approaching a major test at $0.74. A breakout above this level could pave the integration of the diagonal resistance and open the door for a move toward $0.88, the channel's upper boundary.”

News data source: kdj.com

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