TLDR
- Technical analyst Ali Martinez identifies an ascending triangle formation on XRP’s monthly timeframe, with key resistance at $3.66.
- Breaking and closing above the $3.66 level could trigger a rally toward $31.87, according to the pattern’s technical projection.
- Martinez has also outlined extended price targets for Bitcoin ($190,000), Ethereum ($8,800), and Solana ($2,744).
- An alternative two-week chart pattern suggests XRP might climb 125% to the $3.40-$3.50 zone if historical behavior continues.
- Data shows increasing concentration of large XRP transfers within total exchange outflows on both Binance and Coinbase.
On October 3, XRP was changing hands near $1.48, showing a modest decline in the preceding 24-hour period.
Despite the recent dip, the digital asset has climbed more than 50% from its August bottom, participating in the broader cryptocurrency market rebound.
Market analyst Ali Martinez has turned his attention to XRP’s monthly price action, identifying what appears to be an ascending triangle configuration taking shape.
The structure features a resistance zone hovering around $3.66, which XRP has approached multiple times without managing a sustained close above that threshold.
According to Martinez, a monthly candle close beyond the $3.66 mark would validate the breakout scenario. Should that occur, the technical pattern’s measured move projects a price objective of $31.87.
Such an advance from present price levels to the $31.87 target would represent an approximately 2,000% appreciation. Martinez emphasizes this remains a technical projection rather than a certainty.
Broader Market Targets Across Bitcoin, Ethereum, And Solana
Martinez extended his technical framework analysis to several other prominent cryptocurrencies.
Bitcoin’s chart reveals a two-year ascending channel formation. Breaking above the upper boundary of this channel could send the leading cryptocurrency toward $190,000, representing approximately 125% upside from current trading levels.
Ethereum has developed a multi-year channel spanning five years on its monthly timeframe. Martinez suggests that if momentum resumes from the $5,000 region, his technical model indicates $8,800 as a potential destinationāa 231% advance.
Solana’s chart displays what Martinez identifies as a cup-and-handle formation, with the pattern’s neckline positioned around $295. A successful breakout from this level could establish a pathway to $2,744, translating to roughly 2,186% gains.
Another market observer, trader MikybullCrypto, shared a bullish perspective on XRP’s technical setup. The trader stated that “$XRP is one of the most bullish charts out there,” projecting a target window between $5 and $7 should the breakout materialize.
MikybullCrypto’s assessment aligns conceptually with Martinez’s triangle pattern observation, though their specific price objectives differ.
Alternative Fractal Pattern Suggests Nearer-Term Opportunity
In a separate technical review, FXEmpire has drawn attention to a recurring two-week fractal pattern visible on XRP’s chart.
Historical data shows XRP has developed a descending resistance trendline following major peaks, while simultaneously maintaining contact with an ascending long-term support line below.
This configuration emerged after XRP’s 2018 high, preceding a 900% surge into 2021. The same structure materialized following the 2021 peak, resulting in a 150% rally extending into 2025.
Evidence suggests this fractal may be developing for a third iteration. XRP appears to be bouncing from the convergence point where descending resistance intersects with the rising long-term support.
The two-week Relative Strength Index has recovered toward the 50 level. Currently, XRP is positioned above both its 20-period and 100-period exponential moving averages, though breaking back above the 50-period EMA near $1.59 would provide additional technical confirmation.
Should this fractal pattern continue to mirror previous cycles, XRP could potentially challenge the $3.40-$3.50 range, representing approximately 125% upside from today’s prices.
Supporting this technical outlook, blockchain transfer data reveals shifting dynamics. On Binance, XRP transfers exceeding 1 million tokens accounted for 60.8% of total daily outflow value on September 30, climbing from approximately 45% recorded in mid-August.
Coinbase displayed comparable trends, with million-plus XRP transfers representing 48.7% of outflow value by September’s close, up from roughly 30% at the beginning of July.
Get 3 Free Stock Ebooks
Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.
- Top 10 AI Stocks - Leading AI companies
- Top 10 Crypto Stocks - Blockchain leaders
- Top 10 Tech Stocks - Tech giants
