The crypto market experienced a slight increase on Monday, with Bitcoin maintaining support above $95,000. While most major altcoins are forming a bottom formation, XRP shows potential for a higher rally due to a healthy retracement and a bullish pattern. XRP is currently trading at $2.4 with a gain of 0.23% and has a market cap of $140 billion. Crypto analyst Ali Martinez highlights the formation of a rising channel pattern, suggesting a potential bounce in XRP price. If XRP holds above $2.7, an upswing to $3 is possible, representing a growth of 22%. The recent correction from $3.4 to $2.4 is considered healthy for the asset to regain its bullish momentum, with support at $2.28. The 50% Fibonacci retracement level at $2 is an important level for buyers to prevent a major correction.



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