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A market veteran has presented what he called the $XRP dream scenario, identifying a support level $XRP may drop to before a run to two digits.
This commentary, which came from analyst Ali Martinez, calls attention to a prominent bullish flag structure that has formed on the 1-month $XRP chart since November 2024. For context, this bullish flag forms when a token stages an initial upsurge, faces resistance, and consolidates before resuming the uptrend.
$XRP Forms Bullish Flag Structure
Notably, the consolidation stage is often the longest phase, forming the flag pattern. Data from Martinez’s chart shows that $XRP witnessed the initial price surge when it rallied from $0.5 in November 2024 to a peak of $3.4 in January 2025. This represented a 580% increase and marked the formation of the flagpole.
In an updated account, Casi insisted that the $XRP correction was not yet over despite the latest rebound attempt. After $XRP faced a rejection at $2.41 over the weekend, she noted that this supports the theory that a steeper drop to the Wave 3 low at $2.05 could be necessary.
🚨 The Market Got Ahead of Itself… $XRP’s Correction Isn’t Done Yet! 🚨
The market got a little too excited over the Mastercard partnership news… We saw $XRP push right into the extremes of where subwave 4 could go, briefly wicking up to $2.41, but that move was short-lived.… pic.twitter.com/hAvk4ueQpT
— CasiTrades 🔥 (@CasiTrades) November 6, 2025
Martinez Predicts Rally to $10
Notably, Martinez believes this imminent drop would act as the trigger for the bull flag breakout, projecting a possible rally to $10. Notably, this represents a 300% increase from $XRP’s current price of $2.5 and a more substantial 426% from the $1.9 floor price.
Interestingly, the $10 price target has featured in several analyses amid the ongoing bullish recovery from $XRP. For one, The Crypto Basic recently called attention to a report from Cryptollica, in which the analyst identified a historical 4-phase trend that $XRP has been following since 2020. He expects the completion of the trend to take $XRP to $10.
Meanwhile, market analyst EGRAG Crypto has already set his eyes on higher targets. In one of his latest market commentaries, he suggested that $XRP was following a five-course Elliott Wave structure, which began in mid-2023. According to him, $XRP currently resides in the fourth wave, and Wave 5 could take it to $27.
$XRP 5D Chart EGRAG Crypto">