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Well-known analyst Ali Martinez updated his long-term forecast for XRP, based on the structure of a massive ascending triangle that has been forming on the monthly chart since 2017. According to his analysis, the coin is trapped within a 9-year triangle, and a breakout from it could be historic. The $0.90 level acts as an ultimate floor, and even in the case of local corrections, this level remains a key defense of the bullish trend. The most notable part of the forecast is the upper boundary of the pattern, which points to a potential move toward $13.57 per XRP - a technical target confirmed by the height of the formation and Fibonacci levels. > A multi-year triangle on XRP points to $0.90 as a potential bottom for the bear market and $13 as a target for the next bull run. Inside the $0.90 support zone that whales are currently defending While charts draw triangles, on-chain metrics are showing increased activity. According to Santiment data on Friday, around 35 million XRP were withdrawn from exchanges within 24 hours. This is the sixth largest daily outflow in 2024. Similar spikes in February and March already led to price jumps of 20-50%. In addition, U.S. spot XRP ETFs have been growing for three consecutive weeks, adding $82.88 million and bringing total assets under management to $1.1 billion.
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