In the fast-moving world of crypto, XRP has once again caught the spotlight — and this time, it’s because of a multi-year technical pattern that’s hinting at a massive price surge. According to well-known analyst Ali Martinez, the weekly chart of XRP is showing a powerful symmetrical triangle formation that could potentially push prices as high as $12.60 — a mind-blowing +287% rally from current levels! 🤑
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📊 What’s This Triangle All About?
In technical analysis, a triangle pattern forms when an asset trades between two converging trend lines:
Upper line → Acts as resistance (price struggles to go above).
Lower line → Acts as support (price struggles to go below).
When price breaks out of either side, it often signals strong momentum in that direction.
Breakout above = Bullish signal 🚀
Breakout below = Bearish signal 📉
There are three main types:
1️⃣ Ascending Triangle – Upper line is flat, lower line moves up.
2️⃣ Descending Triangle – Lower line is flat, upper line moves down.
3️⃣ Symmetrical Triangle – Both lines converge at similar angles.
In XRP’s case, Martinez points out that the pattern is closest to a symmetrical triangle, but with a slight upward tilt — which could mean the bulls have the upper hand. 🐂
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⏳ 6 Years in the Making – Why This Matters
From 2018 to 2024, XRP’s weekly price has been moving inside this massive triangle. The longer a pattern takes to form, the stronger the breakout can be when it happens.
In November 2024, XRP finally broke above the upper trend line — a clear bullish signal. And according to TA rules, the potential price move after such a breakout is often equal to the height of the pattern at its widest point.
Martinez’s calculations? That projection lands at $12.60 per XRP.
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💡 What’s Next for XRP?
If XRP really heads for the $12 zone, it would be one of the most explosive moves in recent crypto history. But remember:
⚠️ Markets are unpredictable.
⚠️ Chart patterns can fail.
⚠️ Always combine TA with proper risk management.
Still, the setup is there — a multi-year consolidation, a clean breakout, and a clear target. If momentum and market sentiment align, XRP could be on the verge of a game-changing rally.
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📍 Current Takeaway:
XRP’s symmetrical triangle breakout is one of the most exciting technical patterns in the crypto space right now. Whether it actually reaches $12 or not, the bullish energy is undeniable — and traders worldwide are watching closely.