Crypto analyst Ali Martinez has directed attention to XRP, highlighting two key technical signals that may indicate a significant price movement is imminent. Martinez, a widely followed market commentator, combined observations from the monthly and hourly charts to underline growing momentum in the digital asset’s price action.
Monthly TD Sequential buy signal forms
On the monthly timeframe, Martinez identified a TD Sequential buy signal for XRP. A TD Sequential is a technical indicator designed to detect potential trend exhaustion and forecast price reversals, with signals on longer timeframes generally regarded as more robust by traders.
The appearance of a buy signal on the monthly chart often points to stronger and longer-lasting reversals. Martinez paired this observation with analysis of the shorter-term hourly price structure, suggesting that building price pressure could soon lead to a substantial move.
Martinez indicated that with these two timeframes both supporting a bullish outlook, XRP may be approaching a decisive breakout phase in the market.
Symmetrical triangle on hourly chart
Turning to the hourly chart, Martinez observed that XRP has been consolidating within a symmetrical triangle pattern since late June. This formation is defined by lower highs and higher lows, compressing price action into a narrowing range. The pattern’s upper boundary descends from just below $1.30, while the lower boundary ascends from $1.03. Currently, XRP sits near $1.106, edging closer to the triangle’s apex.
Technical analysts view symmetrical triangles as neutral, with the next decisive move likely to set the tone for the trend’s direction. Martinez specifically identified $1.13 as the critical resistance level for traders to monitor.
Mini dictionary: TD Sequential, a technical indicator used in financial markets to identify potential reversal points by analyzing a series of price candles, commonly favored for its trend exhaustion signals.
| Timeframe | Signal/Pattern | Key Level |
|---|---|---|
| Monthly | TD Sequential buy signal | Not specified |
| Hourly | Symmetrical triangle | Resistance at $1.13 |
$1.13 breakout may trigger rally
A confirmed breakout above $1.13 would see XRP move past the triangle’s descending upper boundary. According to Martinez, such an event could open a path to a 20% increase in price, targeting $1.35. This would represent a return to levels not seen since early June, when XRP last traded near $1.30 before its most recent decline.
In a recent post, Martinez shared, “A breakout above $1.13 could open the door to a 20% rally toward $1.35,” pairing this projection with both the monthly and hourly technical signals.
Price consolidation continues
In recent weeks, XRP’s price has fluctuated within increasingly tight bounds defined by the triangle, each move shrinking the trading range. With the price settling just beneath the $1.13 resistance and the pattern nearing completion, traders are watching closely for the next decisive shift.
As both monthly and intraday signals point to a potential breakout, market participants are monitoring whether XRP can achieve a sustained move above $1.13. If that occurs, technical outlooks suggest a rapid climb toward $1.35 could follow, contingent on continued demand and broader market conditions.
