XRP has fallen below a key technical pattern, signaling more downside could be ahead, according to analyst Ali Martinez. The cryptocurrency broke through a Symmetrical Triangle on the daily chart, a move that typically suggests bearish continuation. Martinez sees a target of $1.14 for the token.
The Triangle Breakdown
Symmetrical Triangles form when price coils between converging trendlines, and a break usually resolves in the direction of the prior trend. For XRP, that trend was already down. The break below the lower line, Martinez noted, points to further losses. XRP was trading around $1.23 at the time of writing, down nearly 8% over the past seven days.
What the Patterns Say
The daily chart pattern isn't the only one flashing a warning. A long-term Parallel Channel on the monthly chart tells a similar story. XRP retested the upper boundary of that channel in 2025, got rejected, and has been sliding ever since. If that channel holds, the mid-range near $0.73 could become an attractive accumulation zone.
That's a long way down from current levels — roughly 40% lower. But channel patterns aren't guarantees. They map out probabilities, not certainties.
Where XRP Could Land
For now, the $1.14 target from the symmetrical triangle break gives traders a near-term level to watch. If XRP holds above that, the pattern might fail. If it doesn't, the next stop could be the channel's midpoint near $0.73, where buyers have historically stepped in.
The key question is whether demand returns before the slide accelerates. Bitcoin's recent volatility hasn't helped altcoins, and XRP's own fundamentals — legal clarity from the SEC case aside — haven't produced a sustained rally. The monthly channel suggests the trend could remain bearish for months.
Martinez didn't give a timeline. Chart patterns break down fast in crypto, and a news catalyst could flip the setup. But as of now, the technicals point lower, and traders are bracing for the $1.14 test.
