Crypto analyst Ali Martinez shared a noteworthy assessment regarding the long-term technical outlook for $XRP. According to the analyst, the next bull market for $XRP could be quite strong.
Martinez noted that $XRP has been trading within a large ascending triangle formation on the monthly chart for approximately nine years. He stated that the price movement has followed a similar cycle since 2017, arguing that $XRP reaches strong resistance levels with each rise, then is rejected and pulls back towards the ascending trend line.
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