Analyst: XRP Consolidates Before Potential 25% Rally
$XRP — Popular crypto analyst Ali Martinez (@ali_charts) has highlighted an important setup in XRP’s price action. According to his latest chart, the token is consolidating inside a descending triangle, with signs pointing to a potential 25% breakout on the horizon.
✨ Market Performance So Far
XRP has struggled to hold momentum after its strong July rally. From a high of $3.65, the token slipped lower as profit-taking and broader market weakness set in. By early September, XRP had dropped back near $2.70 before stabilizing around $2.80 — leaving traders cautious about the next big move.
✨ Key Technical Setup
Martinez notes that on the 12-hour chart, XRP is trading within a descending triangle — a pattern formed by lower highs meeting strong horizontal support between $2.70 and $2.80.
Fibonacci levels confirm repeated rejections at the descending trendline.
The trading range is tightening, suggesting growing pressure for a decisive breakout.
Such patterns are often precursors to sharp volatility once the price breaches either support or resistance.
✨ The Bullish Projection
If XRP breaks above the descending trendline, Martinez projects a move of roughly 25% from current levels. With the asset trading near $2.8155 at the time of his post, that would place the upside target close to $3.52.
This level would mark XRP’s first significant test above $3.40 since late July. A successful breakout and retest could turn that resistance into strong support — paving the way for further gains.
Despite recent weakness, Martinez points to steady accumulation as a sign that buyers remain active. Confirmation of the breakout is still needed, but the setup suggests traders should be on alert for a potential rally.
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