XRP Breakout Confirmed. Analyst States Where He Believes Price Is Heading Next

XRP moved below a key support level on the daily chart after weeks of consolidation within a symmetrical triangle pattern. The move placed fresh attention on short-term price targets as traders watched whether selling pressure would accelerate in the coming sessions.

Crypto analyst Ali Martinez (@ali_charts) shared the setup alongside a chart that tracked XRP’s tightening structure from March through May. The chart showed price repeatedly respecting both descending resistance and rising support before the latest breakdown pushed XRP toward the lower end of the range near $1.33.

In a video attached to the post, Martinez said, “XRP is breaking out.” He added that XRP had “breached the rising trend line of a symmetrical triangle on the daily chart.”

Chart Structure Shows Compression Before Breakdown

The chart highlighted several important price zones inside the triangle formation. XRP traded between descending resistance near $1.54 and rising support that gradually lifted from the $1.21 area.

As price compressed into the apex of the structure, volatility tightened across multiple swings. XRP continued to test resistance near $1.45 while buyers defended higher lows through April and May.

That structure changed after XRP moved below the ascending trend line. The chart showed the breakdown taking place near the $1.36 level before the price slipped to around $1.33. XRP experienced a similar breakdown in early February, and Martinez connected the current move to a lower downside target if sellers maintain control in the short term.

Ali Martinez Sets $1.14 XRP Target

In the video, Martinez said, “A spike in selling pressure could push XRP to a target of $1.14.” The projected target aligns with the lower support region displayed on the chart. A horizontal level near $1.137 appeared beneath the current trading range and marked the next major area visible in the setup.

The symmetrical triangle pattern often attracts attention because traders use it to monitor breakout direction and momentum shifts. The chart also included several intermediate price levels between $1.27 and $1.54. Those areas are reaction zones throughout the consolidation period and may continue influencing short-term price action.

Traders Watch Momentum After Breakdown

XRP’s recent movement arrives after months of uneven price swings across the crypto market. The asset repeatedly reversed direction inside the triangle before the latest move shifted momentum toward the downside.

At the time shown on the chart, XRP traded around $1.332 after falling beneath the ascending trend line. Traders now watch whether the price can recover the broken support area or continue following the path outlined in Martinez’s analysis.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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