XRP is trading inside a Symmetrical Triangle pattern on the daily chart, with the asset nearing the apex of the formation and a potential breakout on the horizon. A close above $1.45 could send the cryptocurrency to $1.80, a roughly 26% gain, according to analyst Ali Martinez, who posted the analysis on X.
The pattern and the price level to watch
The symmetrical triangle is defined by converging trendlines: resistance at the upper boundary and support at the lower one. XRP has retested both lines multiple times without breaking out. As the price approaches the triangle's apex, the likelihood of a decisive move increases. At the time of writing, XRP trades around $1.426, up 3.7% over the last seven days.
What a breakout would mean
If XRP closes above $1.45, the measured move target sits at $1.80. That would represent a potential 26% increase from current levels. The pattern does not guarantee direction — a breakdown below support would carry its own implications — but the analyst's focus is on the upside.
No clear timeline for the move
Martinez did not specify a time frame for the breakout. With the pattern tightening, the market is left watching for a close above or below the key level before the next leg takes shape.
