XRP trades near $1.40 as analyst identifies decade-long ascending triangle pattern
Crypto analyst Ali Martinez flagged a decade-long ascending triangle on XRP's monthly chart with $3.66 as the critical resistance level.
Why it matters
The story is based on a single analyst's technical analysis of a chart pattern and carries limited significance. No fundamental developments or official announcements regarding XRP were reported.
Key facts
Ali Martinez identified a nearly decade-long ascending triangle on XRP's monthly chart.
Reported by Brave New Coin
$3.66 is the key resistance level in the identified triangle pattern.
3.66 USDReported by Brave New Coin
A monthly close above $3.66 would confirm the ascending triangle pattern.
3.66 USDReported by Brave New Coin
Martinez's projected technical target near $60 if the pattern is confirmed.
60 USDReported by Brave New Coin
What happened
Brave New Coin reported that XRP was trading around $1.40 in early September, well below its 2025 record high. Crypto analyst Ali Martinez identified what he described as a massive ascending triangle on XRP's monthly chart that has been forming for nearly a decade, with $3.66 serving as the key resistance. According to Martinez, a monthly close above $3.66 would confirm the pattern and activate a technical target near $60. Shorter-term charts showed the price attempting to stabilize after rejection from higher levels, with a move toward $2.30 representing an intermediate technical objective. The source noted that this longer-term projection would first require reclaiming the $3.66 level, more than double the current price.
How the story developed
- First report
First report by Brave New Coin
XRP Price Prediction: Decade-Long Triangle Nears Breakout as XRP Eyes $2.30
- Update
Ali Martinez identifies decade-long ascending triangle on XRP monthly chart
Martinez highlighted the pattern with $3.66 as key resistance and a potential long-term target near $60.
Affected entities
Original sources
| Publisher | Report | Role | Published |
|---|---|---|---|
| Brave New Coin Crypto media | XRP Price Prediction: Decade-Long Triangle Nears Breakout as XRP Eyes $2.30 | Original |
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