Popular crypto analyst Ali Martinez has reiterated his prediction that XRP is nearing a significant breakout. The token’s price has remained stagnant, consolidating within a symmetrical triangle pattern on the daily chart. Martinez states that a confirmed close outside the $1.35-$1.45 range could trigger a 26% move, targeting either $1 or $1.82.
Ali Martinez has reinforced his earlier analysis that XRP could be approaching a major price movement. He first noted on April 27 that the token needed to break through a $1.41-$1.43 resistance zone to attempt new peaks.
In a more recent assessment, Martinez highlighted that XRP is currently consolidating within a well-defined symmetrical triangle on the daily timeframe. “As the price moves closer to the apex, market energy is coiling, signaling that a significant shift in volatility is approaching,” he added.
He projected that a decisive breakout from this formation would result in a 26% price swing. The direction hinges on whether the price closes decisively above or below key levels.
“Ideally, you want to wait for a confirmed daily close outside of this range. A close above $1.45 targets the $1.82 level, while a close below $1.35 targets $1,” Martinez explained.
He also mentioned that ETF inflows remained steady in April, a positive month for XRP’s price. However, retail investors appear to be waiting for a significant market trigger.
Another analyst, CRYPTOWZRD, focused on XRP’s recent daily close, describing it as indecisive. They stated that the token needs to hold above the $1.3930 resistance to expect upward momentum.
A breakdown below that level could lead to continued weakness and sideways movement. This aligns with the potential bearish target of around $1 mentioned by Martinez.
