$XRP Ali Martinez (@ali-charts), a well-followed cryptocurrency analyst on X, has presented a new perspective on XRP’s near-term trajectory. He recently shared a chart noting that the digital asset is trading within a descending triangle with a potential 25% breakout on the horizon.

The observation comes at a time when XRP has been struggling to maintain upward momentum, reflecting a broader cooling period in the altcoin market.

✨Recent Market Performance

In recent weeks, XRP has failed to reclaim the strong gains it posted in July. The price slipped back from its all-time high of $3.65, weighed down by profit-taking and broader risk-off conditions in digital assets. By early September, the digital asset experienced another decline, finding support close to $2.7.

XRP had settled near the $2.80 mark, but the decline has underlined the asset’s inability to sustain its mid-August rally, leaving traders cautious about the next directional move.

✨Technical Structure on the Chart

The chart Martinez shared provides a closer look at the current market setup. On the 12-hour timeframe, XRP is confined within a descending triangle pattern. The structure is defined by a series of lower highs meeting strong horizontal support in the $2.7 to $2.8 zone.

Fibonacci retracement levels drawn from the recent price swings provide context, showing the asset’s price activity repeatedly rejecting the downward trendline. The combination of resistance along the descending trendline and support close to $2.7 highlights an increasingly compressed trading range.

Market participants often view such formations as precursors to strong volatility, as consolidation phases tend to resolve with a decisive move once price breaks beyond established boundaries.

✨The Projected Move

According to Martinez’s assessment, XRP may be approaching the point of resolution. A breakout from this formation could trigger a move of approximately 25% from current levels. With the token trading at $2.8155 at the time of his post, such a projection implies a potential upside target close to $ 3.52.

If XRP were to reach this target, it would mark the first significant test of resistance above $3.4 since late July, an area that previously capped upward attempts. The asset may also turn that level to support, creating a base for another price surge.

While the market has exhibited weakness in recent weeks, accumulation at lower levels suggests that buyers are still active. A breakout above the descending trendline would be required to confirm the anticipated 25% rally.

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